Auto enrolment
What is auto-enrolment
Automatic enrolment places a legal requirement on employers to provide a compliant pension scheme for employees who satisfy prescribed eligibility criteria and to automatically enrol them into that arrangement.
Currently, eligible jobholders are workers who are aged from 22 up to state pension age and whose earnings before tax are at least £10,000 per year. However, this is set to change soon.
The Department for Work and Pensions announced in March 2023 that auto-enrolment is to be widened to include all workers from the age of 18. Furthermore, the minimum earnings threshold of £6,240 a year is to be abolished so that the first pound of earnings will be used for pension contributions.
How can we help?
We can help you satisfy your auto-enrolment obligations by:
- Advising on your existing pension arrangements to ensure that they are auto-enrolment compliant.
- Advising on and implementing alternative pension arrangements if these provide a more preferable solution than your existing pension scheme and ensure that they remain compliant.
- Preparing compliant auto-enrolment communications, including employee presentations that are presented in a simple and concise way.
Our bespoke advice will not only ensure that you satisfy your auto-enrolment obligations, but that the solution you use will reflect your unique circumstances.
Further reading
Auto-enrolment expanded to include younger and lower paid workers
Auto-enrolment
Case study: Communicating the importance of making adequate contributions to pension pots