Auto Enrolment Pension Regulations
Millions of people are not saving enough or investing enough in a pension fund for the income they are likely to want in retirement. Life expectancy in the UK is increasing but people are saving less into pensions.
To help people save for their retirement the government wants workplace pensions to be affordable for employers and attractive to workers. We want to encourage people to increase the amount they are saving in pension schemes so that they get the retirement income they would like.
As an employer, do you know what is required of you with regard to your employees pension rights?
Do you know when your Auto-Enrolment staging date is and what you need to put in place by then?
Did you know that Auto-Enrolment requires constant administration and is not just a scheme that you set up once and forget about?
Do you know what you need to do every time you run your payroll?
It is not just a matter of doing the necessary for the Work Place Pension Scheme at the beginning and forgetting about it after that, as employers we all have an obligation to carry out the necessary assessments each time we do our payroll. This can be time consuming and complicated…
To find out more about how we can help you to put the auto enrolment process in place at your business and how we can help you to administrate this going forward.