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 is 2% with at least 1% from the employer.

Between 6 April 2018 and 5 April 2019 the minimum contribution is 5% with at least 2% from the employer and from  6 April 2019 the minimum contribution is 8% with at least 3% from the employer.

 

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See The Pensions Regulator contribution levels guidance for further information.

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