The National Minimum Wages (NMW) is the minimum wage per hour a worker is entitled to in the UK. These rates are reviewed yearly and are advised by the independent body, Low Pay Commission (LPC).
From April 2019, all workers aged 25 and over are legally entitled to get least £8.21 per hour.
|Year||25 and over||21 to 24||18 to 20||Under 18||Apprentice|
By law, on 6 April 2019, Employers must increase the amount of their minimum contributions into their staff’s automatic enrollment pension to at least 3% of qualifying earnings. Members of staff will have to pay the shortfall needed to make the total minimum contribution up to 8%.
From 6th April 2019 onward minimum contribution will be:
Employer’s Minimum contribution 3%
Employee’s Minimum Contribution 5%
Employers Contribution: Following a recent consultation, the Department of Health and Social Care (DHSC) has confirmed that the employer contribution rate will increase from 14.3 per cent to 20.6 per cent (20.68 per cent including the 0.08 per cent scheme administration levy) from 1 April 2019. The increase is required to meet the cost of scheme benefits, following advice from the Government Actuary’s Department as part of the 2016 scheme valuation process.
From 1 April 2019 to 31 March 2020, the scheme administrator, the NHS Business Services Authority, will continue to collect an employer contribution of 14.38 per cent from employers. Central payments will be paid to the scheme by NHS England and the DHSC to cover the remaining increase.