This contributions calculator will show you the minimum contributions that you and your staff member must pay into their automatic enrolment pension scheme, and the dates when these contributions increase.
You must include all of the annual pay elements listed below when working out an individual's gross earnings, if they are likely to be in receipt of them.
The examples in the table below show the minimum contribution levels set by law, and the dates when they increase.
If you decide to cover the total minimum contribution required, your staff won't need to pay anything.
|Employer minimum contribution||Staff contribution||Total minimum contribution|
5 April 2018
|6 April 2018 to
5 April 2019
|6 April 2019 onwards||3%||£||5%||£||8%||£|
How we've worked this out
The minimum contribution levels are calculated based on pensionable pay between £5,876 and £45,000 per year (anything they earn above £45,000 isn't taken into account when working out how much contributions should be for that person).
There will be other costs that are not included in this tool, such as implementation costs for your organisation or the pension scheme's annual management fees and administrative charges. In addition, the pension scheme you choose may calculate contributions differently so different increases may apply.
If the increases fall in the middle of a pay period you will need to make sure the increased amount of contribution still starts from the dates in the table above.
This tool is for information and guidance purposes only. We are unable to show you exactly how much you'll have to pay as it will be determined by the pension scheme you choose.