Employers and Employees may choose to contribute at higher levels than those shown below, but the figures within the table set out the statutory minimum level of contributions required: –
Effective Date | Employer Minimum Contribution Level | Employee Minimum Contribution Level | Total Minimum Contribution Level |
Until 5 April 2018 | 1% | 1% | 2% |
6 April 2018 to 5 April 2019 | 2% | 3% | 5% |
6 April 2019 onwards | 3% | 5% | 8% |