By law the minimum pension contributions you and your staff pay into your auto enrolment pension scheme will be increasing as of 6th April 2019.
If we are your payroll and pensions scheme provider, we will implement the changes and ensure that you are compliant with the new pensions regulations on the 6th April on your behalf.
Below is a table which highlights how these changes will affect you.
| Date effective | Employer minimum contribution | Staff contribution | Total minimum contribution |
|---|---|---|---|
| Current | 2% | 3% | 5% |
| 6th April 2019 onwards | 3% | 5% | 8% |
It would also be advisable to inform your employees about the increases being applied to their contributions in advance of the first payroll in April.