New auto-enrolment contribution rates

Date: 29th March 2018

The rate of pension contributions for employees who you have auto-enrolled in your firm’s pension scheme more than doubles with effect from 6 April 2018.

A further increase will apply from April 2019. The current and future rates of contribution are shown in the table below.

Date Employer minimum contribution Total minimum contribution
Up to 5 April 2018 1% of pay 2% of pay
From 6 April 2018 2% of pay 5% of pay
From 6 April 2019 3% of pay 8% of pay

 

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