Pensions – Automatic Enrolment

The role of the employer

To encourage more people to save in pension schemes, the government has placed greater responsibility on employers to provide access to pension provision.

Up until 1 October 2012 there was no requirement for an employer to pay employer contributions into a scheme. There was also no requirement for the employee to enter an employer provided scheme.

Most employers were however obliged to designate a registered stakeholder scheme that employees could join. This obligation has been removed due to the advent of automatic enrolment (or auto enrolment).

What is automatic enrolment?

Automatic enrolment places new duties on employers to automatically enrol ‘workers’ into a work based pension scheme. The main duties are:

• assess the types of workers in the business
• provide a qualifying automatic enrolment pension scheme for the relevant workers
• write to most of their […]
  

Our offices will be closed from noon on Thursday 24 December 2015 returning on Monday 4 January 2016.

We wish you all a very Happy Christmas and prosperous New Year!

YOUR LOCAL ACCOUNTANT, MELVILLE & CO, IS UK TOP RATED. Everyone loves to support local success stories so we’re proud to let you know that James Goffe from Barrow‑in‑Furness has been named as UK Top Rated! He qualified as Top Rated as a result of all the glowing reviews written by his clients on VouchedFor.co.uk, the leading review site for professionals.

So what does that mean for you? Well aside from the fact that James is just down the road, this also affirms that he is among the most respected in the business.

We caught up with the man himself who had a few words to share.

James said: “Being recognised as a Top Rated accountant on VouchedFor.co.uk means a great deal. There are lots of people in the area who might need help with legal matters but don’t know how to […]

The role of the employer

To encourage more people to save in pension schemes, the government has placed greater responsibility on employers to provide access to pension provision.

Up until 1 October 2012 there was no requirement for an employer to pay employer contributions into a scheme. There was also no requirement for the employee to enter an employer provided scheme.

Most employers were however obliged to designate a registered stakeholder scheme that employees could join. This obligation has been removed due to the advent of automatic enrolment (or auto enrolment).

What is automatic enrolment?

Automatic enrolment places new duties on employers to automatically enrol ‘workers’ into a work based pension scheme. The main duties are:

• assess the types of workers in the business
• provide a qualifying automatic enrolment pension scheme for the relevant workers
• write to most of their workers explaining what automatic enrolment into a workplace pension […]