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