To help all of us to save for our retirement, automatic enrolment has been introduced by the Government and is being rolled out throughout the UK. This means employers are enrolling their employees into a workplace pension as an easy way to help them start saving for the future.
The Pensions Regulator acknowledges that Auto Enrolment represents a massive cultural change in the UK, with the aim of improving the standard of living of all those in retirement. This is a long term ambition in which providing a pension for employees becomes simply a part of being an employer in the UK
Each employer is given a staging date based on employee numbers. You may have received a letter from The Pensions Regulator notifying you of your staging date. Alternatively you can check your staging date by inputting your HMRC PAYE tax reference number using the following link:
On your staging date, you will need to automatically enrol your employees in to a pension if they’re:
If your employees don’t meet this criteria on your staging date, but they do in the future, you will need to automatically enrol them at that point.
Yes. As long as they’re aged between 16 and 75 they are able to join the pension scheme at any time. As long as they earn £5,824 a year (equal to about £486 a month or £112 a week), you as the employer will have to contribute from the time they join. If an employee earns less than this, the regulations mean that they are not be entitled to contributions from the employer
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