Do minimum contributions change in the future?

Yes. The minimum contributions will be introduced in three stages known as phasing.

If the qualifying earnings basis is being used, the minimum contribution until 5 April 2018 was 2% with at least 1% from the employer. Between 6 April 2018 and 5 April 2019 the minimum contribution was increased to 5% with at least 2% from the employer, and from 6 April 2019 the minimum contribution will be increased to 8% with at least 3% from the employer.

 

More…

See The Pensions Regulator contribution levels guidance for further information.

Read what we’re telling employers about these contribution increases>>

 

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