Requirements of the Pensions Act 2008
The Act requires every employer to:
- offer a qualifying workplace pension scheme to their workers who will need to contribute themselves
- put certain staff into their chosen scheme and pay a minimum level of contribution
- provide information to their other employees about the right to join the schem
What you need to do to meet your auto-enrolment duties
Four steps:
- Choose a pension scheme that can be used for auto-enrolment
- Work out who you need to put into the pension scheme
- Link with your payroll system, if you have one
- Communicate with your employees