Do you need to have a pension scheme set up with a pension provider even if all your employees opt out?

Do you need to have a pension scheme set up...

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Do you need to have a pension scheme set up with a pension provider even if all your employees opt out?

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Euan's picture
By Euan MacLennan
13th May 2015 13:20

Yes, because they cannot opt out until they have been (auto) enrolled into the pension scheme.  The pension company will write to all new members offering them the right to opt out, if they wish, and to have their contributions refunded.

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By chatman
13th May 2015 13:25

Thanks Euan.

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By The Innkeeper
13th May 2015 14:56

unless of course

they are directors (owners) without a contract of employment

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By williams lester accountants
13th May 2015 19:35

Yes
But, what a waste of money for the client! Whoever thought of AE didn't really think it through......

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