What are the new rates?
The table below shows the minimum contributions and the date they increased.
| Date | Employer minimum contribution | Staff contribution | Total Minimum Contribution |
| 6 April 2019 onwards | 3.00% | 5.00% | 8.00% |
| 6 April 2018 to 5 April 2019 | 2.00% | 3.00% | 5.00% |
The total minimum amount of contributions must be paid into the scheme. You must make at least the minimum employer contribution towards this amount and your employee needs to contribute the difference. If you decide to cover the total minimum contribution required, your employee won't need to pay anything.
For more information about the changes, visit TPR website.
What if I am using a pension scheme which requires different minimum contributions?
If you have an agreement with your pension provider to base the minimum contributions on different pay elements, you need to apply different increases. The Pensions Regulator's website provides information on how to calculate contributions using different elements of staff pay.
If you're unsure which pay elements your scheme uses, contact your pension provider.