Auto Enrolment for employers
Auto enrolment has been introduced in a bid to get more people in the UK saving for retirement. If you employ one or more staff, you are now required by law to automatically enrol employees into a workplace pension by 2018 and for the first time, will also be required to pay pension contributions for any employee who joins and remains in the scheme.
For smaller employers who often don't have an existing workplace pension or have the resources in place to meet these duties, the process of auto-enrolling employees can be daunting. Keeping track of who needs to be automatically enrolled, communicating the correct information to staff and making the regular pension contributions can all be extremely time consuming.
Find out what you need to do to meet your auto enrolment duties.