Following our previous blog post on what auto enrolment means for your business, you may now be wondering which members of your workforce classify under auto enrolment qualifying earnings? This actually only applies to certain personnel and it's determined by their salary and age. To further complicate matters, some of your employees will not qualify but have the right to enrol. Confused?
To start with you need to assess your entire workforce on your staging date (the date when you need to be ready to automatically enrol your eligible employees into a satisfactory pension plan, click on the link to find out when yours is).
Then you will then have to continually:
As you can see the onus is firmly on the employer to get this right and stay compliant so you may find the below infographic particularly useful for understanding who in your organisation is eligible.
The content of this post is up to date and relevant as at 07/07/2014.
Please be aware that information provided by this blog is subject to regular legal and regulatory change. We recommend that you do not take any information held within our website or guides (eBooks) as a definitive guide to the law on the relevant matter being discussed. We suggest your course of action should be to seek legal or professional advice where necessary rather than relying on the content supplied by the author(s) of this blog.
Click below for office location details
leave a comment -