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

NOW: Pensions has a good technical infrastructure combined with a pension product suitable for our team. We couldn’t be happier with NOW: Pensions.
Martin Woods, SALT.agency