Employers in the UK must put eligible staff into a workplace pension scheme and contribute towards it. This is a requirement of the Pensions Act 2008.
“Automatic enrolment” pension schemes were phased in and now apply to all employers.
If an employer is employing staff for the first time, their legal duties for automatic enrolment begin on the day their first member of staff starts work.
Eligible staff will be those:
- Classed as a “worker”
- Aged between 22 and State Pension age
- Earning at least £10,000 per year
- Working in the UK
There is more information about automatic enrolment pensions, for employees and their employers, on the Pension Regulator’s website.
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Last Updated on December 15, 2020 by Admin