Auto Enrolment / Workplace Pensions...
The law on workplace pensions has changed. Every employer with at least one member of staff now has new duties, including enrolling those who are eligible into a workplace pension scheme and contributing towards it. In the past, many workers missed out on valuable pension benefits, because their employer didn’t offer them a pension, or they didn’t apply to join their company’s pension scheme.
Automatic enrolment changes this. It makes it compulsory for employers to automatically enrol their eligible workers into a pension scheme. The employer must also pay money into the scheme.
Automatic enrolment is being phased in, starting with the largest UK employers. By 2018, 1.8 million businesses in the UK will have to put in place an auto enrolment pension for their employees.
If you require any further information or assistance in setting up your workplace pension scheme, then we have fully trained staff who will be able to get your scheme up and running and ensure you are fully compliant.