All employers in the UK are required by law to provide a Workplace Pension scheme to eligible employees. This is known as auto-enrolment. You must auto-enrol those who are eligible and pay contributions on their behalf.
If you hire one or more staff members, you’re classed as an employer and must carry out your legal duties. It doesn’t matter if you only hire one employee to begin with, you must set up a qualifying pension scheme if they meet the following criteria:
It can often feel overwhelming when it comes to setting up your own Workplace Pension scheme. If you want to get a better understanding of the UK market you can about the top Company Pension scheme providers in the UK.
If you need advice, our specialists help businesses of all sizes set up Corporate Pension schemes and ensure they’re managed correctly. Please don’t hesitate to get in touch on 02074425880 or email help@drewberry.co.uk.
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