The new regulations, that confirmed the change of dates from which the auto enrolment minimum contribution increases need to occur, have now been passed by Parliament.

The minimum required contributions and effective dates are detailed below:

Phasing dates Qualifying Earnings Basis Tier 1 Tier 2 Tier 3
Staging Date – 5th April 2018 2% (of which 1% employer) 3% (of which 2% employer) 2% (of which 1% employer) 2% (of which 1% employer)
6th April 2018 – 5th April   2019 5% (of which 2% employer) 6% (of which 3% employer) 5% (of which 2% employer) 5% (of which 2% employer)
6th April 2019 onwards 8% (of which 3% employer) 9% (of which 4% employer) 8% (of which 3% employer) 7% (of which 3% employer)

 

For more information or advice on Auto Enrolment please contact your usual Wingate team or call / email us on:

Tel: 01883 332260

Email: info@wingatebs.com

 

This information is based on our current understanding of legislation which can change without notice.  Professional advice should always be sought prior to making any changes to your arrangements or deciding on any action in this respect.

Related Opinions and Insights

Follow us

Stay in touch with our latest news and views.

Register for updates

We issue regular updates which cover current employee benefit topics. Please enter your email address if you would like to receive these. Please note that you may withdraw your consent to receive our updates at any time by notifying us at main business address.

 Thank you, you have been added to the mailing list, and will receive our next quarterly update.
 Please fill out the missing fields