Bookkeeping Support

Auto Enrollment Pension

Auto enrollment legislation has been designed to encourage a retirement savings culture in the UK. This new legislation requires all employers to automatically enroll some or all employees of their workforce depending on age and salary level into a pension scheme.

This must meet certain minimum standards. Some employee’s will also have the right to ask their employer to enroll them into an auto enrollment pension scheme, which once again depends on the employee’s age and salary level. Employers may be required to make contributions to this pension scheme, adding to the contributions made by their employees’.