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Changes in minimum pension contributions from April 2019

By law, the total minimum contributions you must pay into your employees’ workplace pension schemes increase on 6 April 2019. You need to be ready for this increase, to make sure you are paying the correct amounts into your staff’s schemes.

Are you ready?

From 6 April, the total minimum contribution including employer and employee payments must be no less than 8% of qualifying earnings. You must pay a minimum of 3%, with the employees making up the rest of the 8%.
You can choose to pay more than their 3% minimum contribution if you wish. If you do, your staff won’t need to pay in as much to meet the total minimum contribution of 8% of qualifying earnings.

Date effectiveTotal minimum contributionEmployer minimum contributionStaff contribute the remainder
Current rates5%2%Up to 3%
6 April 20198%3%Up to 5%

You should be ready to calculate contributions using the new rates the first time you pay your employees from 6 April.

Next steps

  • it should be simple for the new rates to be applied, but you should prepare now by contacting your payroll and software service providers to make sure their systems are ready
  • we recommend that you write to their staff to let them know about the increase in contributions

Please note, if you already contribute more than the total minimum of 8% into your employees’ workplace pension schemes or use a defined benefit (DB) scheme for automatic enrolment, you don’t need to take any action. And if any of your staff asked to be put into a scheme that you don’t pay into, the increases don’t apply to them.

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