The minimum amounts you and your staff pay into your automatic enrolment pension scheme will increase from 6 April, 2019.
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.
The table below shows the minimum contributions payable and the date when they must increase:
It is your responsibility under the Pensions Act 2008 to make sure the right minimum contributions are being paid for your staff. If you are already paying above the increased amounts, you don’t need to take any further action. You should also let your staff know about any increases being applied to their contributions.
As an employer, you have ongoing automatic enrolment duties. You still need to assess anyone who works for you each time you pay them and put them into a pension scheme if they meet the criteria for automatic enrolment, unless your staff have opted out.
For more information visit:
https://www.thepensionsregulator.gov.uk/