Auto Enrolment Pension

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What does Auto Enrolment mean for your business?

If you employ, you must set up a company pension scheme.

Both you and your employees will be contributing to the Pension.

Pension Contributions

What does it cost? Employees pay 5% of their salary and you 3%

Our Payroll department can sort this out for you effortlessly.

How employees are added is based on their earning and age.


If your Employee earns over £10,000 between 22 and state pension age, they are automatically enrolled, and you must contribute to their pension. 

 

If they earn £5,824 but less than the £10,000, they have not enrolled automatically but can choose to “Opt-In”, and you will also have to contribute to the pension.

 

If your employee earns less than £5,824, they can Opt-in, and it's up to you whether you contribute as well to their pension.

Employees can opt-out if they wish but automatically enrol every three years.

Pension Providers

Several providers offer Auto Enrolment pensions.

We recommend NEST, https://www.nestpensions.org.uk/

 

We are happy to discuss which provider would be the best for you.

More Auto Enrolment information
 

Pension Regulator Duties, what you need to do - Duties Checker

This will give you your staging date; when your pension must start, you will need your Letter code; it will come from the Pension Regulator.