FAQ - Simple Pensions

Answers to some of the most frequently asked questions about Workplace Pensions...

When should I start preparing for Workplace Pensions?
Why should I start planning now even though my staging date is in 2016/17?
Can I set a scheme up myself?
Can a worker opt in?
Can a worker opt out?
Do we need to amend our employment contracts?
What if I don’t have a suitable pension scheme?
What if we already offer a scheme?
Where will the contributions be invested?
How much will have to be paid into the qualifying scheme?
What is a ‘Workplace Pension qualifying pension scheme'?
Will I have to auto enrol all my employees?
Will my accountant/payroll help me?

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With the introduction of workplace pensions already underway for a number of larger businesses in the UK, it’s important that you act now and start preparing – there’s a lot that can be put in place earlier.

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