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Pension Auto Enrolment contribution increases from 6 April 2018

From 6 April 2018 contributions rates for pension auto enrolment increase to the rate of 5% of pensionable pay from the previous level of 3%. At least 2% of the contributions are required to be employer contributions, with the balance being paid by the employee.

 

On6 April 2019 the contribution rates are scheduled to increase again to 8% of pensionable pay, of which the employer will need to pay at least 3%.

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Tony Shackleford
Tony Shackleford

Chartered Accountant offering support to Limited companies and the self employed.

More in this category: « Payroll changes April 2018
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