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Auto enrolment aims to ensure more workers have easy access to a workplace pension scheme, enabling and encouraging them to save for retirement.
Under UK law, employers are legally required to enrol their eligable employees into a workplace pension scheme.
Preparing for auto enrolment can be a complex process and it is important for employers to be well-versed in their responsibilities and to work with financial experts to implement auto-enrolment successfully.
How we can help
At Wellway, we take pride in simplifying the auto-enrolment process for both employers and employees. Our team of seasoned professionals can confidently communicate the important factors and decisions you’ll need to make.
For employers who haven’t yet begun the auto-enrolment process, we recommend you visit The Pensions Regulator website to first find out:
- Your staging date – the date UK businesses should have launched their auto-enrollment pension schemes by (you’ll need your PAYE reference number). The largest employers were the first to implement auto enrolment, followed by smaller businesses.
- How to prepare for the process and assessment. You’ll be provided a brief timeline of what you will need to do between now and your staging date.
Start today, secure tomorrow
The sooner you begin the process, the better. Careful planning can save you significant amounts of both time and money.
For more advice and to speak to a member of our team, simply contact us today.
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