What is Pensions auto-enrolment?
Organisations with one or more employees are now legally required to provide a workplace pension. The majority of businesses will have completed the exercise of enrolling eligible employee’s into these new pensions. Did you know that you have to complete this exercise every 3 years? This exercise is called re-enrolment.
What do I need to know?
When you are approaching the ‘staging’ date, you will need to assess all employees who have previously opted out of the pension you provide. If any of these employees qualify to be enrolled, then you will need to add them back into the pension scheme. You will then have to certify to the Government that you’ve completed this exercise accurately.
What help can I get?
We will help match your legal requirements with a range of quality pension providers and can complete the process of automatic enrolment on your behalf.
Anything else I need to know?
From April 2018, the minimum contribution to these pensions rises from 3% to 5%. A further rise will then take place to 8% in April 2019. If you haven’t already done so, you can minimise the extra cost by introducing a salary sacrifice arrangement.
How can I find out more?
Contact us by clicking the below contact us button for more information on how we can support you.