Workplace Pensions
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The Government has introduced auto enrolment to help more people save for their future. This means that employers will need to automatically enrol some workers into a workplace pension plan and give other workers the option to join.
Enrolment legislation gives employers a duty to:
- Automatically enrol all Eligible Jobholders
- Communicate to workers providing timely and appropriate information
- Allow Non Eligible Jobholders to Opt-in and Entitled Workers to Join
- Facilitate Opt Outs within the opt out period and promptly refund contributions
- Automatically re-enrol all eligible jobholders every three years
- Complete registration with the Pensions Regulator
- Keep records
- Maintain contributions
DISCLAIMERS
The value of investments and the income they produce can fall as well as rise, you may get back less than you invested.