As a result of Automatic Enrolment, millions of employees now have the opportunity to start building savings for their retirement.
Millions of people throughout the UK now have the peace of mind that saving for later life brings – all thanks to automatic enrolment. With workplace pensions provided by their employers, workers from all backgrounds and industries can look forward to retirement.
Employing someone for the first time?
It’s a big moment for you – you’ve decided to take on your first member of staff. However long you’ve been running your organisation for, the moment you employ your first worker, you have legal duties under automatic enrolment that begin the day they start work.
Under the Pensions Act 2008, every employer in the UK must enrol their eligible staff into a workplace pension, and pay into it. If you employ at least one person, that means you’re an employer, and by law you have responsibilities that you need to act on.
Find out what you need to do in only a minute
It takes only a minute to work out what you need to do and when using our online tool. It will take you through the process of setting up a workplace pension, and is an easy way of finding out everything you need to know.
This simple tool will ask you a few short questions about you and your staff, and will show you what you need to do, helping you get to grips with your workplace pension responsibilities.
Not sure if you’re an employer?
If you deduct income tax and National Insurance contributions from the earnings of the person you employ, then you are usually their employer. If you have used an agency to hire the person and the agency pays their National Insurance contributions, the agency is the employer and you don’t need to do anything.
Providing a workplace pension is a continuing process for employers, and there are ongoing responsibilities to carry out after you’ve initially declared your compliance to The Pensions Regulator.
Find out more about your ongoing duties
Who is The Pensions Regulator?
The Pensions Regulator is the UK regulator of workplace pension schemes. They make sure that employers follow their workplace pension responsibilities, and that schemes are run properly, to allow people to save safely for their retirement. They regularly contact employers to notify them of key points in the automatic enrolment process.
Their website is full of easy to use tools and resources that will help you to navigate your legal responsibilities as smoothly as possible. It features an online tool that has been designed with ease of use in mind, and will take you step-by-step through automatic enrolment, template letters for you to download and send to your staff, and all the information on automatic enrolment that you’ll ever need, presented in a simple, easily accessible way.
Get to know your responsibilities.