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Auto Enrolment Contribution Phasing Dates

Paul Weeks
Paul Weeks

The new regulations, that confirmed the change of dates from which the auto enrolment minimum contribution increases need to occur, have now been passed by Parliament.

The minimum required contributions and effective dates are detailed below:

Phasing dates Qualifying Earnings Basis Tier 1 Tier 2 Tier 3
Staging Date – 5th April 2018 2% (of which 1% employer) 3% (of which 2% employer) 2% (of which 1% employer) 2% (of which 1% employer)
6th April 2018 – 5th April   2019 5% (of which 2% employer) 6% (of which 3% employer) 5% (of which 2% employer) 5% (of which 2% employer)
6th April 2019 onwards 8% (of which 3% employer) 9% (of which 4% employer) 8% (of which 3% employer) 7% (of which 3% employer)

 

For more information or advice on Auto Enrolment please contact your usual Wingate team or call / email us on:

Tel: 01883 332260

Email: info@wingatebs.com

 

This information is based on our current understanding of legislation which can change without notice.  Professional advice should always be sought prior to making any changes to your arrangements or deciding on any action in this respect.

Paul Weeks

Contact the Author

Paul holds the Diploma in Financial Planning and is a member of the Personal Finance Society, the UK’s professional body for financial advisers. He joined Duncan Pocock (Insurance Brokers) Ltd, the business from which Wingate was formed, from a large UK insurer in 1997 as a Senior Financial Adviser. In July 2002 with Ben Clarke he co-founded Wingate Financial Solutions Ltd, which became WFS Consulting Ltd and is now the Wingate Benefit Solutions and Wingate Financial Planning businesses of today.

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