This employment law guide explores the basics of workplace pensions and offers guidance on how to avoid common pitfalls.
Automatic enrolment is a process which employers need to comply with by law. As an employer, you will have statutory duties to comply with and the enforcing governmental body is The Pension Regulator. The aim of this is to make it easier for employees to start saving.
Automatic enrolment commenced for the largest employers on 1st October 2012 with all employers being phased into their duties based on the size of their workforce as of 1st April 2012. Employer duties start from their individual staging date.
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• Worker Categories
• Qualifying earnings
• Minimum Contributions
• Opting Out