Which statement best describes auto-enrolment minimum contribution concepts?

• A. The minimum percentage is universal and fixed for all workers, regardless of earnings.
• B. Employers and employees must contribute a minimum percentage of qualifying earnings; exact percentages are set by the regulator and may depend on earnings.
• C. Only the employee is required to contribute a minimum percentage.
• D. Minimum contributions apply only to part-time workers.

Answer: (B)