PIXIE PAYROLL Blog
Auto Enrolment Pension Percentage Increase April 2019
From 6th April 2019 the pension contribution rates are set to increase.
The employer rate increases from 2% to 3% and the employee rate increases from 3% to 5% making the total contribution 8%.
If you need any help with Auto Enrolment then please do not hesitate to get in touch.
The National Living Wage and The National Minimum Wage are set to increase from April 2019
The National Living Wage and The National Minimum Wage are set to increase from April 2019:
| Year | 25 & Over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
| 2018 | 7.83 | 7.38 | 5.90 | 4.20 | 3.70 |
| 2019 | 8.21 | 7.70 | 6.15 | 4.35 | 3.90 |
If you need any further information on the national minimum wage please visit https://www.gov.uk/national-minimum-wage-rates for more information.
Student Loan Rates 2019/20
HMRC has outlined the Student Loan thresholds from 6 April 2019.
The current thresholds for the tax year 2018/19 are:
• Plan 1 – £18,330
• Plan 2 – £25,000.
The Department for Education (DfE) has confirmed that from 6 April 2019 the thresholds will increase to:
• Plan 1 – £18,935
• Plan 2 – £25,725.
Student loan deductions will remain the same, at nine per cent for Plan 1 and Plan 2 loans.
National Living Wage and National Minimum Wage
The National Living Wage and The National Minimum Wage are set to increase from April 2018:
| Year | 25 & Over | 21 to 24 | 18 to 20 | Under 18 | Apprentice |
| April 2017 | 7.50 | 7.05 | 5.60 | 4.05 | 3.50 |
| April 2018 | 7.83 | 7.38 | 5.90 | 4.20 | 3.70 |
If you need any further information on the national minimum wage please visit https://www.gov.uk/national-minimum-wage-rates for more information.
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My name is Kellie Burslem T/A Pixie Payroll Services, I am a local Payroll Bureau based near Helston, Cornwall. I provide a reliable, professional service at a competitive price.
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