What Will Auto-Enrolment Cost?

If you are auto-enrolled you will become a member of the IMI Retirement Savings Plan ("RSP"). You must pay at least the minimum Employee pension contributions every time you get paid, see the table below. 

 

Until 2018 the minimum Employee cotnribution rate will be increasing automatically, this has been set by Government legislation. 

You can opt to pay more than the minimum Employee contributions; up to 6% of your Pensionable Pay (basic pay) will be matched by IMI.