The minimum contribution rates for Defined Contribution (DC) schemes used for auto-enrolment are increasing from 6 April 2018. All employers with staff in a pension scheme for automatic enrolment must take action to make sure at least the minimum amounts are being paid into their pension scheme. This applies whether you set up a new pension scheme for automatic enrolment or you decided to use a pre-existing scheme. Please click the communications button below for further information about the new contribution rates and how they impact your workplace pension scheme.
What is Pension Auto Enrolment?
To help people save for retirement, employers now have a legal requirement to auto enrol their employees into a workplace pension scheme.
Introduced by the Government in 2012, this legislation is being rolled out in stages.
Employers must auto enrol employees who:
- are aged between 22 and State Pension age.
- earn more than £10k a year (2017/18).
- ordinarily work in the UK.
Go to our Auto Enrolment Resource Library to download all documents and forms you need to help with Auto Enrolment.