The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’.
Employers will have to provide a workplace pension for eligible staff by 2018. This is called ‘automatic enrolment’.
Auto-enrolment has already started for larger organisations, and throughout 2015, 2016, 2017 and 2018 (depending on your allocated ‘staging date’) every business must operate a pension scheme for qualifying employees, with employee and employer contributions being paid.
Employees who qualify for a workplace pension
You must enrol and make an employer’s contribution for all staff who:
- are aged between 22 and the State Pension age
- earn at least £10,000 a year
- work in the UK
We can help your business prepare for auto-enrolment compliance and provide help and guidance throughout the whole process; from helping you assess the cost for your company and setting up or reviewing your pension arrangements, to managing your payroll function so that you are fully auto-enrolment compliant.