Pensions & Auto-Enrolment
Auto-enrolment is the biggest change to workplace pensions for generations. Auto-enrolment means that as an employer, you will be required to automatically enrol your employees in a pension scheme.Auto-enrolment applies to all organisations, regardless of size or number of employees.
More specifically, Auto-enrolment relates to all employees aged between 22 and the state pension age, who currently earn more than £10,000 per year and who are not already in a qualifying workplace pension scheme.
For employees aged under 22 or over state pension age (SPA), should they wish or request to be part of enrolment, then an employer must allow them to do so. There is no requirement for the employer to pay minimum contributions if such employees earn less than £5,772.
Frequently Asked Questions (FAQ’s)
- What is Statutory Compliance Declaration?
- When will I have to start auto-enrolling my employees?
- How much will I have to pay in?
- Which employees are eligible?
- What are my recurring compliance requirements?
- Which provider should I use?
- What if I don’t want to take part in auto-enrolment?