{"id":100,"date":"2012-06-22T08:13:00","date_gmt":"2012-06-22T08:13:00","guid":{"rendered":"http:\/\/sjbealehrconsult-co-uk.php5.hostingweb.co.uk\/blog\/?p=100"},"modified":"2012-06-22T08:13:00","modified_gmt":"2012-06-22T08:13:00","slug":"pension-auto-enrolment-employers-are-your-ready","status":"publish","type":"post","link":"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/","title":{"rendered":"Pension Auto Enrolment &#8211; Employers Are Your Ready?"},"content":{"rendered":"<p><span><span>In accordance with the Pensions Act 2008 from October 2012 UK companies must have a pension in place into which employees will be automatically enrolled.<span>\u00a0 <\/span>This could be an existing pension eg group personal pension or stakeholder pension so long as it meets the qualifying criteria.<span>\u00a0 <\/span>However if a company does not have a pension scheme in place or do not introduce one then they can adopt the government\u2019s scheme, National Employment Savings Trust (NEST).\u00a0\u00a0 There is no obligation to offer the NEST scheme to employees.<span> <\/span>Although its structure may suit some companies, it may not be suitable to others.<span>  <\/span>However, it could be possible to offer a company pension scheme to some employees and NEST to others.\u00a0\u00a0<span><span>NEST is designed to simple and easy to use.<span>  <\/span>The government has decided to introduce this to make it easier for people to save for their retirement as many are not currently doing so and to alleviate the ticking time bomb of the pension burden as the population grows older.<\/p>\n<p><\/span><\/span><\/span><\/span><br \/><span><span><\/p>\n<\/p>\n<p><\/span><\/span><\/p>\n<div><span><span>Auto-enrolment for pensions will impact on all employers between 2012 and 2016 depending on the size of the company and the number of employees, which will be established from PAYE records.\u00a0<span>\u00a0\u00a0<\/span>A company pension scheme must be compliant with government rules and companies must pay in contributions from both the company and their employees.\u00a0 <\/span><\/span><span><span>UK employers will be required to contribute a minimum percentage of each employee\u2019s eligible earnings into a pension.\u00a0\u00a0 Employees will also need to pay a personal contribution into a pension.<span>\u00a0 <\/span>The total minimum percentage contribution required of both employer and employee is being phased in.<span>\u00a0 <\/span>In 2012 the minimum percentage is 2% rising to 8% by 2018.<span>\u00a0 <\/span>Contributions can exceed this amount however.<span>\u00a0 <\/span><\/p>\n<p><\/span><\/span><\/div>\n<p><\/p>\n<div><span lang=\"EN\"><span>Employers have to automatically enrol workers who:<\/p>\n<p><\/span><\/span><\/div>\n<p><span lang=\"EN\"><span><span><\/span><\/span><\/span><span lang=\"EN\"><span>Are not already in a qualifying workplace pension scheme;<\/p>\n<p><\/span><\/span><br \/><span lang=\"EN\"><span>Are at least 22 years old;<\/p>\n<p><\/span><\/span><br \/><span lang=\"EN\"><span>Are below state pension age;<\/p>\n<p><\/span><\/span><br \/><span lang=\"EN\"><span>Earn more than \u00a38,105 a year; and<\/p>\n<p><\/span><\/span><br \/><span lang=\"EN\"><span>Work or ordinarily work in the UK (under their contract) <\/span><\/span><\/p>\n<p><span>These are eligible workers.\u00a0 <\/span><span><span>There are also non-eligible workers who fall <\/span><\/span><span><span>outside the age range of 22-74 earning above \u00a35,564 and below \u00a38,105, they have the right to opt in\u00a0and entitled workers who earn below \u00a35,564 per year who have the right to join the pension scheme.\u00a0\u00a0 It is important to identify what category the employees fall into.\u00a0 Employees are able to opt out of the scheme within one month of membership.<span>\u00a0 <\/span>Any contributions they have made in that time must be refunded.\u00a0\u00a0Employees must be identified for auto\u00a0enrolment once every three\u00a0 years.\u00a0\u00a0\u00a0<\/span><\/span><br \/><span><span><\/span><\/span><br \/><span><span>It is important to prepare early in good time for the appropriate staging date. Companies need to nominate\u00a0a key contact in the company who will be responsible for pension auto enrolment.\u00a0 Once the assessment stage has been completed it is important to communicate the changes to\u00a0the workforce with the correct template documentation.\u00a0\u00a0Once implemented pension records need to be keep for at least six years. <\/span><\/span><br \/><span><span><\/span><\/span><br \/><span><span>It is against the\u00a0law to coerce employees into\u00a0opting out of pension auto enrolment.\u00a0 For companies who fail to comply with the statutory legislation the Pension Regulator has the power to\u00a0impose huge fines.\u00a0 \u00a0 <\/span><\/span><\/p>\n<div><span><span><\/p>\n<p><\/span><\/span>\u00a0<\/div>\n<p><\/p>\n<div><span><\/span><\/div>\n","protected":false},"excerpt":{"rendered":"<p>In accordance with the Pensions Act 2008 from October 2012 UK companies must have a pension in place into which employees will be automatically enrolled.\u00a0 This could be an existing pension eg group personal pension or stakeholder pension so long as it meets the qualifying criteria.\u00a0 However if a company does not have a pension [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[285,284,283,286,32,289,288,290,287],"tags":[],"class_list":["post-100","post","type-post","status-publish","format-standard","hentry","category-eligible-workers","category-entitled-workers","category-nest-pension","category-non-eligible-workers","category-pension-auto-enrolment","category-pension-auto-enrolment-template-letters","category-pension-regulator","category-pensions-paperwork","category-staging-date-pensions"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pension Auto Enrolment - Employers Are Your Ready? -<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pension Auto Enrolment - Employers Are Your Ready? -\" \/>\n<meta property=\"og:description\" content=\"In accordance with the Pensions Act 2008 from October 2012 UK companies must have a pension in place into which employees will be automatically enrolled.\u00a0 This could be an existing pension eg group personal pension or stakeholder pension so long as it meets the qualifying criteria.\u00a0 However if a company does not have a pension [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-06-22T08:13:00+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/\",\"url\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/\",\"name\":\"Pension Auto Enrolment - Employers Are Your Ready? -\",\"isPartOf\":{\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/#website\"},\"datePublished\":\"2012-06-22T08:13:00+00:00\",\"dateModified\":\"2012-06-22T08:13:00+00:00\",\"author\":{\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/#\/schema\/person\/ce9566af1066e09f0036f8bffc5b0613\"},\"breadcrumb\":{\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Pension Auto Enrolment &#8211; Employers Are Your Ready?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/#website\",\"url\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/\",\"name\":\"\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/#\/schema\/person\/ce9566af1066e09f0036f8bffc5b0613\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/227097a841bf5933b6c34739813307a8?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/227097a841bf5933b6c34739813307a8?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"url\":\"https:\/\/sjbealehrconsult.co.uk\/blog\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pension Auto Enrolment - Employers Are Your Ready? -","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/","og_locale":"en_GB","og_type":"article","og_title":"Pension Auto Enrolment - Employers Are Your Ready? -","og_description":"In accordance with the Pensions Act 2008 from October 2012 UK companies must have a pension in place into which employees will be automatically enrolled.\u00a0 This could be an existing pension eg group personal pension or stakeholder pension so long as it meets the qualifying criteria.\u00a0 However if a company does not have a pension [&hellip;]","og_url":"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/","article_published_time":"2012-06-22T08:13:00+00:00","author":"admin","twitter_misc":{"Written by":"admin","Estimated reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/","url":"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/","name":"Pension Auto Enrolment - Employers Are Your Ready? -","isPartOf":{"@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/#website"},"datePublished":"2012-06-22T08:13:00+00:00","dateModified":"2012-06-22T08:13:00+00:00","author":{"@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/#\/schema\/person\/ce9566af1066e09f0036f8bffc5b0613"},"breadcrumb":{"@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/pension-auto-enrolment-employers-are-your-ready\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/sjbealehrconsult.co.uk\/blog\/"},{"@type":"ListItem","position":2,"name":"Pension Auto Enrolment &#8211; Employers Are Your Ready?"}]},{"@type":"WebSite","@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/#website","url":"https:\/\/sjbealehrconsult.co.uk\/blog\/","name":"","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/sjbealehrconsult.co.uk\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/#\/schema\/person\/ce9566af1066e09f0036f8bffc5b0613","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/sjbealehrconsult.co.uk\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/227097a841bf5933b6c34739813307a8?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/227097a841bf5933b6c34739813307a8?s=96&d=mm&r=g","caption":"admin"},"url":"https:\/\/sjbealehrconsult.co.uk\/blog\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/posts\/100","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=100"}],"version-history":[{"count":0,"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/posts\/100\/revisions"}],"wp:attachment":[{"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=100"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=100"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sjbealehrconsult.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=100"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}