21 Dec 2015

AE contribution increases delayed by 6 months

The Government has decided that the minimum Automatic Enrolment (AE) contributions, which were due to rise from 2% to 5% in October 2017 will now increase six months later in April 2018. Likewise, the increase from 5% to 8% originally scheduled for October 2018 will now take place in April 2019. The following table highlights the changes, as well as what you and your employer will each contribute:

	You	Your employer
Until April 2018	1% of Band Earnings	1% of Band Earnings
April 2018 to April 2019	3% of Band Earnings	2% of Band Earnings
From April 2019	5% of Band Earnings	3% of Band Earnings

 

To find out more about Automatic Enrolment, please take a look at the dedicated AE section on our website.