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What are Workplace Pensions?

Home /What are Workplace Pensions?

Workplace pensions (auto enrolment) are part of a Government initiative to increase private retirement savings within the UK.

It is the process where all eligible employees are automatically enrolled into their employer’s qualifying pension scheme if they meet certain criteria:

  • They are aged between 22 and State Pension age
  • They earn more than £10,000 a year
  • They work in the UK

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.

As part of your duty as an employer, taking some initial steps now will certainly help you along the way.  For example;

  • Make sure you know your ‘Staging Date’ – this is the date on which your workplace pension scheme must goes live for your business. Simply provide your details and your PAYE reference in the form below and we’ll do the rest!

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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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