Limited company owner asks:
Do I have to enrol my employees into a workplace pension scheme?
Acumenica answers:
Employees must be automatically enrolled into a pension scheme and the employer must make contributions, for workers that are:
- Aged between 22 and state pension age and
- have earnings over £833 per month (Eligible Jobholders)
Employees have a right to opt-in to the pension scheme and the employer must make contributions, for workers that are:
- Aged between 16 and 21 and
- have earnings over £520 up to £833 per month (Non-eligible Jobholder)
Employees have a right to join a pension scheme, but the employer is under no obligation to make contributions, for workers that are
- Aged between 16 and 21 and have earnings of £520 and under per month (Entitled Workers)
If you need help setting up a workplace pension scheme and configuring your payroll systems, please complete the Contact Us form and we will be in touch.