Automatic enrolment is a government initiative regulated by The Pensions Regulator (TPR). It exists to help people save for their retirement through a pension scheme at work.
In the UK, employers must enrol certain staff into a workplace pension scheme. The employer must also contribute towards it.
Automatic enrolment law is already in force for all employers and new businesses.
If you are a new business, you can find out how to set up Auto Enrolment by visiting The Pensions Regulator (TPR).
There are some exceptions to this. To check, read My company is exempt from Automatic Enrolment.
Yes. You can prepare for automatic enrolment in Payroll.
This includes:
You can also set up a qualifying pension scheme to ensure you:
If you don’t already have a workplace pension scheme, you’ll need a scheme that meets TPR’s qualifying criteria. TPR has lots of useful information to help you find a provider and choose a pension scheme.
If you already have a pension scheme, it needs to be suitable for automatic enrolment. Check with your pension provider.