What are the minimum workplace pension contributions?
From 6 April 2019, the minimum workplace pension contributions increased to a total of 8%, at least 3% of which must be paid by the employer. These minimums are required by auto enrolment legislation.
Minimum workplace pension contributions
|Date||Employer minimum contribution||Total minimum contribution|
|Before April 5 2018||1%||2%|
|April 6 2018 – April 5 2019||2%||5%|
|April 6 2019 onward||3%||8%|
Employers can contribute more than the minimum amount and many do.
NOW: Pensions offers five different contribution models designed to cater for all requirements from those that want to comply with the legislation at minimum cost to those that want to offer their employees an enhanced benefit.
For further information, visit our Contributions Help Centre Page