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Auto Enrolment – Increase in Minimum Pension Contributions

Auto Enrolment – Increase in Minimum Pension Contributions
Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. This is called 'automatic enrolment'. If you employ at least one person you are an employer and you have certain legal duties.
  The minimum amounts you and your staff pay into your automatic enrolment pension scheme will increase from 6 April 2019.
 
How this applies to you
If you have eligible staff in an automatic enrolment pension scheme, you will need to make sure that at least the minimum amount is paid by you and your staff into the scheme
If you don’t have any staff in an automatic enrolment pension scheme, you don’t need to take any further action
 
The Increase
  Employer Minimum Contribution Employee Minimum Contribution Total Minimum Contribution
New Rate:
6 April 2019 onwards
3% 5% 8%
Current Rate:
6 April 2018 to 5 April 2019
2% 3% 5%
 
Courtesy of the pension regulator
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