Some companies, especially larger ones, have offered their staff a pension scheme which employees and indeed the employer pay into. In 2010 the Government announced legislation that would mean all employers had to “auto enrol” staff into a scheme as long as the staff member met certain criteria. This became known as Auto Enrolment and the first companies began enrolling their staff in 2012. Initially this only affected larger companies but as time passes smaller firms are enrolling staff and in 2015 companies with 30 or less staff will commence their schemes. By the 1st february 2018 all employers will have to make a scheme available to their staff.
More information regarding Auto Enrolment is available via The Pensions Regulator.
Setting up a scheme can be time consuming and complex, for a free no obligations chat about how we can help you with setting up a scheme please call us on 020 8768 5796 or if you are in Kent 01233 800107
A PENSION IS A LONG TERM INVESTMENT THE FUND VALUE MAY FLUCTUATE AND CAN GO DOWN. YOUR EVENTUAL INCOME MAY DEPEND ON THE SIZE OF THE FUND AT RETIREMENT, FUTURE INTEREST RATES, AND TAX LEGISLATION
THE PENSIONS REGULATOR IS THE STATUTORY REGULATOR OF WORK BASED PENSIONS.
AUTOENROLMENT IS NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.
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