The minimum contributions for Auto Enrolment pensions are increasing by law from the 6th April 2019. As an employer you need to pay a minimum of 3% of your employees salary to their pension, and the total contribution reaching 8% – with your staff making up the rest of the contribution.
As an employer you can contribute the full 8% if you’d like to without this becoming a taxable benefit for your staff. As previously you and your staff can also contribute more than the minimum if you/they want to.
If as an employer you choose to contribute more than the minimum 3% your staff will need to contribute the difference to make this up to the total minimum of 8%.
The table below confirms the contribution rates:
Please ensure all rates are updated for all payruns after the 6th April 2019.
Source: The Pension Regulator
