Auto Enrolment Pension
The next big change to hit employers is ‘auto enrolment’
The government introduced a new law that requires all employers to provide a workplace pension scheme to make it easier for individuals to save for their pension.
The new scheme requires all UK employers to enrol their workers into a qualifying workplace pension scheme if they are not already in one.
Employers will have to automatically enrol workers who meet certain criteria:
- aged 22 to state pension age
- working in the UK
- earning over £10,000 a year
The scheme has been slowly introduced and continues to do so over the next couple of years, to find out your staging date follow the link to the pensions regulator website http://www.thepensionsregulator.gov.uk/employers/tools/staging-date.aspx
We regularly team up with the Pensions Regulator and put together a FREE seminar at our offices in Bexhill – for more information about our next event please contact us.
Source: The pensions regulator
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