News & Blog

 

The increases to the minimum contributions: from 6th April 2019.

From this date, employers must ensure that at least the minimum amounts are being paid into the pension scheme. Where employers have the wages and auto enrolment processed by Thomas Westcott the contributions will be increased by the payroll operative so that their pension scheme remains compliant with the changes.

 

 

Employee Contribution
(Taken From Net Salary)

Government Tax Relief Top-Up

Employer Contribution

Total Contribution

From 06/04/19

4% of the employee's salary

1%

An amount equal to 3% of the employee's salary

An amount equal to 8% of the employee's salary

 

 

National Minimum Wage

The rates below apply from 1 April 2019.

Category of worker

Hourly rate

Aged 25 and above (national living wage rate)

£8.21

Aged 21 to 24 inclusive

£7.70

Aged 18 to 20 inclusive

£6.15

Aged under 18 (but above compulsory school leaving age)

£4.35

Apprentices aged under 19

£3.90

Apprentices aged 19 and over, but in the first year of their apprenticeship

£3.90