Workplace Pension Minimum Contribution Changes

Please remember that, under automatic enrolment, minimum pension contributions increase on 6th April:

Date Employer Minimum Contribution Staff Contribution Total Minimum Contribution
Until 5th April 2018 1% 1% 2%
From 6th April 2018 until 5th April 2019 2% 3% 5%
From 6th April 2019 3% 5% 8%

Users of axis payroll do not need to make any changes to the software now and further information will be provided in the Payroll User Guide March Supplement, which will be published along with the Year End Update.

Discover more: http://www.thepensionsregulator.gov.uk/increase

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