Auto Enrollment rate increases

From 6 April 2018, you may be required to increase your contributions to the employee’s automatic enrollment pension. Once you have staged, the table below outlines the minimum contribution required by the employer at various checkpoints:

Phasing periodEmployer minimum contribution
Before 5 April 20181%
6 April 2018 to 5 April 20192%
6 April 2019 onwards3%

 

Any employee that has been enrolled may also need to increase their contributions, as their rates are also rising to the following:

Phasing periodEmployee minimum contribution
Before 5 April 20181%
6 April 2018 to 5 April 20193%
6 April 2019 onwards5%

 

To ensure that you remain compliant, you will need to update your schemes to come into effect on the dates listed above. If Melrose processes your payroll, then we will apply