Under the Pensions Act 2008, you, as an employer, must provide a workplace pension scheme for eligible staff as soon as they start working for you and you will need to contribute towards it. This is called Automatic Enrolment.
Auto enrolment is a government initiative created to help your employees to save for retirement through a pension scheme.
Eligible jobholders
Aged between 22 and the State Pension age.
Earns at least £10,000 a year.
Normally work in the UK (this includes people who are based in the UK but travel abroad for work).
Extract profits from your business without paying tax or National Insurance by investing in company and director pensions for long term financial security. Find out how pension contributions can be treated as an allowable business expense and can therefore be offset against your company’s corporation tax bill.
Safeguarding the future of your business should the unexpected happen. We can help prepare for when a partner or director in your business unexpectedly dies. It’s not necessarily something you’d expect to happen, but most people to whom it has happened once thought the same.
Helping your employees save for their retirement. It’s all part of workplace pension reform, it means that as an employer you will need to automatically enroll certain members of your workforce into a pension scheme, and you’ll need to make a contribution towards it.