Thank you for your feedback.

Was this useful?

Uplift of minimum AE pension contribution rates

Article ID
12166
Article Name
Uplift of minimum AE pension contribution rates
Created Date
1st May 2019
Product
IRIS PAYE-Master, IRIS Payroll Business, IRIS Bureau Payroll, IRIS GP Payroll, IRIS Payroll Professional, Earnie, IRIS Earnie IQ
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.

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

Thank you for your feedback.

Was this useful?