Auto Enrolment

You thought it was over … but it’s not.

Most employers will by now have completed the auto-enrolment process for their employees.   The majority of employees will now be part of a pension scheme but some will have opted out.

There is an obligation on the employer to undertake an automatic re-enrolment process every three years.   There are a number of steps which the employer must make in order to remain compliant which include chosing the re-enrolment date, assess who is eligible, make contributions to the pension scheme, notify the employee and complete a re-declaration of compliance to the Pensions Regulator.

Employees who are eligible are those who work in the UK, are aged between 22 and State Pension Age and earn the equivalent of £10,000 per annum.

Employees have the option to opt out at the time of re-enrolment but the employer must not influence their decision.

For further information, please contact Phil Stanyer on 07809 448115 or by email at phil.stanyer@mgba.co.uk