KnowledgeBase

12166: Uplift of minimum AE pension contribution rates

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Article ID 12166
Article Name Uplift of minimum AE pension contribution rates
Created Date 27 Feb 2019 00:00:00
Product IRIS PAYE-Master, IRIS Payroll Business, IRIS Bureau Payroll, IRIS GP Payroll, IRIS Payroll Professional, Earnie, Earnie IQ
Codes: GGLEARNIE GGLENIEIQ GGLBURPAY GGLGPPAYROLL GGLPAYEMST GGLPAYBUS GGLPAYPRO
Problem

From the 6th April 2019 the minimum contributions for automatic enrolment pensions are increasing.


During the year end restart process you will see the following message:


Remember to check pension contribution rates the amount you must contribute to thepension scheme is determined by the schemes rules however if you're using the scheme for automatic enrolment there are minimum contributions you must pay the minimum contributions you must pay are increasing from April


After completing your year end restart to move into 19/20 tax year you must check your contributions before processing payroll.


Click here for Pension Contributions Uplift Guides

Resolution

Click here for Pension Contributions Uplift Guides


How are the contributions changing?


Minimum contributions are changing in line with the table below:














DateEmployer minimum contributionTotal Minimum contribution
Staging Date - 05/04/181%2% (including 1% staff contribution)
06/04/18 — 05/04/192%5% (including 3% staff contribution)
06/04/19 onwards3%8% (including 5% staff contribution)

To comply with legislation you must meet or exceed the minimum contributions.


How do I update the contributions?


This process will depend on which payroll software you are using. Please follow the link below for video and written guides for each of our payroll products.


Click here for Pension Contributions Uplift Guides

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