Contribution Matching
Employers are required to match employee contributions starting at 1.5% of the employee’s gross salary, increasing gradually to 6% over a decade.
Notice Periods
Initial Notification: Employers must inform eligible employees about their auto-enrolment status, contribution rates, and the scheme’s benefits well in advance of the enrolment date.
Opt-Out Window
Employees have a specific period (typically around 2-3 months) after auto-enrolment to opt-out or suspend their participation. Employers need to clearly communicate these timelines.
Re-enrolment Cycles
Employers must notify employees about re-enrolment, which occurs every two to three years if they have previously opted out.
Regular Reviews
Periodically review the pension scheme and compliance processes to ensure ongoing adherence to legal requirements and optimise the benefits for both employees and the business.
Here at Employers Pension Helpline, we can assist with all of the above to put you, the employers mind at ease.
Request a Consultation Today
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