Pensions auto-enrolment: Final steps

Employers have less than one month to prepare for compulsory workplace pensions.

From October large employers will be compelled to start enrolling staff into workplace pension schemes.

Employers will have to enrol workers into a workplace pension if you:

  • are not already in a pension at work
  • are aged 22 or over
  • are under State Pension age
  • earn more than £8,105.00 a year
  • work in the UK

It is thought that as many as 10 million UK workers who do not already have a pension, are aged 22 or over, are under state pension age and earn more than £8,105 per annum will eventually be included in such schemes for the first time, said Catherine Wilson, partner at law firm Thomas Eggar, in a recent analysis on HRZone.co.uk.

The NAPF has its own simplified guides and further information is available from these sources:

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Comments

Pensions - again.

yeboyye | | Permalink

Another pensions idea.  Numerous schemes have arrived in my working life (to date).  Has anyone seen anyone get a good pension from all their contributions?  Seems like a lot has been frittered away on commission and administration charges.  This new plan seems like a major task.  Should we all stop selling the widgets and forget about keeping the wolf from the door until we get this all sorted?