Auto-Enrolment/workplace pension set up only £250 + VAT

Automatic enrolment is affecting 1.3 million employers across the UK.

The law on workplace pensions has changed. Every employer with at least one member of staff now has new duties, including putting those who meet certain criteria into a workplace pension scheme and contributing towards it.

This is called automatic enrolment. It’s called this because it’s automatic for your staff – they don’t have to do anything to be enrolled into your pension scheme. But it’s not automatic for you. You need to take steps to make sure they’re enrolled. Even if you already pay contributions into a pension scheme for your staff, you still need to check if it is suitable for automatic enrolment.

Remember, automatic enrolment is your legal duty and if you don’t act you could be fined. Despite attempts to simplify the industry – and particularly auto-enrolment – pensions are still dauntingly complex so it’s best to seek advice from experts.

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