Auto-Enrolment Pension Scheme – Overview

It’s vital that you are up to date on the important changes associated with the Auto-Enrolment Pension Scheme. This overview is a simple guide explaining what it is and how it works.

Download our Auto-Enrolment Pension Scheme guide today.

What is Auto-Enrolment?

Auto-enrolment is a new piece of government legislation that requires all employers in the United Kingdom to automatically enrol eligible employees onto a work based pension scheme.

The legislation is in place to help encourage more employees to start thinking about their future and make the necessary provisions for their retirement.

Who is Eligible?

The Auto-enrolment eligibility criteria is quite straightforward. For someone to be eligible they must:

  • Be aged between 22 and the state pension age.
  • Earn in excess of £10,000.
  • Not already be enrolled on a qualifying scheme.

If you are employing anyone who meets the above criteria you’ll need to ensure that they are enrolled onto a company pension scheme. Should an employee decide that they do not wish to be involved in the scheme they can opt-out after they have been registered.

To find out more on the Auto-Enrolment Pension Scheme, please download our jargon-free breakdown on Auto-enrolment.

If you have any questions about how Auto-enrolment Legislation will affect your business, or your contractor solution – just talk to one of our team today on  +44 (0)1923 277 900.

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