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NEW AUTO-ENROLMENT PENSION RATES FROM 6 APRIL 2019
Published on 31-01-2019Email To Friend    Print Version

The minimum amounts Employers and their staff pay into their automatic enrolment pension scheme will increase from 6 April 2019.

How this applies to you if you operate an auto-enrolment scheme

  •  If you have eligible staff in an automatic enrolment pension scheme you will need to make sure that at least the minimum amount is paid by you and your staff into the scheme.
  • If you don’t have any staff in an automatic enrolment pension scheme, you don’t need to take any further action.

The increase

The table below shows the minimum contributions payable and the date when they must increase:

 

Employer minimum contribution

Staff contribution

Total minimum contribution

 

New rate:

6 April 2019 onwards

 

3%

 

5%

 

8%

 

Current rate:

6 April 2018 to

5 April 2019

 

2%

 

3%

 

5%

 

What Employers need to do

It is the employer’s responsibility under the Pensions Act 2008, to make sure the right minimum contributions are being paid for their staff. If already paying above the increased amounts, employers don’t need to take any further action. Employers should also let their staff know about any increases being applied to their contributions.


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