Auto Enrolment Pensions
Auto enrolment was introduced as a way of getting more people saving for a personal pension. It places a legal duty on every employer to automatically enrol workers into a workplace pension scheme who:
- are not already in one
- are aged between 22 and State Pension age
- earn more than £10,000 a year
- work in the UK
The pension scheme will either be one selected by you or it will be a national scheme operated by a recognised provider. Individuals can opt out of the scheme but the idea of auto enrolment is to overcome apathy and inertia by putting everyone into a scheme by default.
As most SME’s won’t have offered company schemes to their employees before, the move to auto enrolment will require them to identify and select a suitable scheme for their staff and manage the administrative aspects of the joining process and any opt outs.
Introductions and support for your scheme
Here at Evans Weir, we have worked with our partners to ensure that we can introduce you to the right pension providers. We can also manage all of the behind the scenes administration required to enrol staff.
We know you are busy and these things can often feel like another onerous task. So rest assured we will make the process as simple and as straight forward as possible for you.