The minimum auto enrolment pension contributions are due to change in April 2018 and then again in April 2019.
For all employers providing a workplace pension and pay the minimum contributions must take note of these changes.
How we help our clients
As part of our payroll procedure we automatically increase the contributions into your workplace pension scheme. This is in line with the statutory increase, for all employees who currently have the minimum deduction. Furthermore, to help with budgeting, each month we send our clients a pension report that shows the employers pension calculations.
The tables below shows the phases of contribution increases, with the employer paying the minimum contribution.
Based on qualifying earnings:
This is based on basic pay only:
Paying over the minimum?
If the total auto enrolment pension contributions you are currently paying exceeds the statutory minimum, then you do not need to do anything.