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Tag Archives: auto enrolment

Auto Enrolment for Employers

What and Who From sometime between 2013 and 2017 (dependent on the size of business from largest to smallest), employers will have to automatically enrol all eligible employees in a qualifying pension scheme and make contributions to their plan.  Eligible employees fit the following criteria: Are not already in a qualifying pension scheme Are aged 22 and over Are under State pension age  Earn more than £10,000 per year and work in the UK When  Medium employers (50 – 249 workers) April 2014 to April 2015  Small employers (49 workers or less) June 2015 to April 2017 How Much The government has set a minimum amount that must be paid into a pension scheme for eligible and non eligible jobholders.This is 8% of qualifying earnings, phase in over several years: Now – 30/09/2017 – Employers 1% Employees 1% 1/10/2017 – 30/09/2018 – Employers 2% Employees 3% 1/10/2018 onwards – Employers 3% Employees 5% Safeguarding Employees Fixed penalty of £400 to an employer, for non…

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