Auto Enrolment Minimum Contributions: Phasing Date Changing

The date the Auto enrolment minimum contributions were due to increase has changed in order to align with the tax year. So now, instead of total minimum contributions increasing from 2% to 5% in October 2017, a delay of six months until April 2018 will be applied. Similarly, the planned increase in contributions in October 2018 from 5% to 8% will not be implemented until April 2019.

This is not, however, a delay to automatic enrolment and employers’ staging dates will remain the same. Aligning the contribution increases with the tax year will reduce the amount of admin required and should help employees who are used to seeing changes in their take home pay when the tax year changes.

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Tania

Tania has over 30 years payroll experience, 21 with a UK Top 10 accountancy firm.
Tania

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