Changes to minimum wage and pension contributions

With the new tax year looming, there are some important changes to minimum wage rates and workplace pension contributions that you need to be aware of.

We will make the changes automatically for our clients but do refer to the table below if your employees have any questions.

As ever, you can contact us for more information and we’ll be happy to help.

Changes to Minimum Wage rates:

  aged 25 and over   21 to 24 18 to 20 Under 18 Apprentice
Currently £7.50  £7.05  £5.60  £4.05 £3.50
From April 2018  £7.83  £7.38  £5.90  £4.20 £3.70

Changes to Workplace Pension contributions:

     Employer   Employee    Total min contribution
Currently          1%        1%                   2%
From April 2018          2%        3%                    5%
From April 2019          3%        5%                    8%