Minimum Contribution Rates for Workplace Pensions are changing
This table shows the minimum contributions you must pay and the date when they must increase
Date | Employer minimum contribution | Staff contribution | Total minimum contribution |
---|---|---|---|
Until 5 April 2018 | 1% | 1% | 2% |
6 April 2018 to 5 April 2019 | 2% | 3% | 5% |
6 April 2019 onwards | 3% | 5% | 8% |
More information can be found here, including a letter template to send to staff