What is auto-enrolment and what does it mean for me, either as an employer or as an employee?
Auto-enrolment means that all UK employers must select a pension scheme for certain employees. Those employers who are legally required to set up a scheme must contribute to it.
The staging date or pension plan commencement date has already been set out by legislation and while many believe this will not affect them for some time, it could, in some instances, take up to as long as 18 months to set up a scheme.
The decisions made now will impact the retirement benefits of workers for years and years to come.
Thomson McCallum Ltd can advise both existing and new clients on selecting an appropriate, good quality scheme to meet the needs of both employer and employee, and can help you prepare for auto-enrolment by confirming your staging date, liaising and communicating with employees and supporting any ongoing administration and management of your chosen scheme.
We would be happy to meet you and give an informative presentation on auto-enrolment, at your convenience.
“Workplace Pensions are regulated by The Pensions Regulator.”