Auto Enrolment

It will soon be compulsory for all UK employers, no matter how small or what service they provide – to have a workplace pension scheme in place. This requirement, established by the Pensions Act 2008, has been dubbed as auto enrolment because it’s automatic – employees won’t have to physically sign up to a workplace pension.

You’ll need to establish which employees are eligible for workplace pensions. If they’re aged between 22 and retirement age, work in Britain and earn a minimum of £10,000 per annum, they qualify – which means you’ll need to make employer contributions into their pension.

FFS can take this process off your hands and correct payments are made on time, ensuring compliance with the Pensions Regulator and avoiding costly fines.