Pension Auto Enrolment
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.
On 6 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%.