What do the minimum contribution rates increase to if the qualifying earnings basis is being used?

The minimum contributions are being introduced in three stages known as phasing.

If the qualifying earnings basis is being used, the current minimum contribution until 5 April 2018 is 2%, with at least 1% from the employer.

Between 6 April 2018 and 5 April 2019 the minimum contribution will rise to 5%, with at least 2% from the employer.

From 6 April 2019 the minimum contribution will rise to 8%, with at least 3% from the employer.

For more information see The Pensions Regulator contribution levels guidance.

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

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

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