The Auto Enrolment scheme was introduced back in 2012. Initially it only applied to big businesses, but now it has been rolled out to include all eligible workers no matter what size your company.
As a company director or owner it is your responsibility to make sure you have enrolled the right people into the right scheme. And that is where our experienced financial advisers can help. We can help ensure that your company meets the requirements of the workplace pensions and complies with all the duties.
Auto Enrolment pensions were introduced to help more people in work save towards their retirement. It is no longer a case of choosing to opt in to the company pension, if there even is one, it is now compulsory to provide one and for eligible workers to join, with the option of opting out.
According to the Office for National Statistics this change in the way workplace pensions work means that over three quarters of people are now in a workplace pension, compared to just half ten years ago.
In April 2019, employer contributions increased to a minimum of 3 per cent, and member contributions to 5 per cent (this receives basic rate tax relief), making a total of 8 per cent.
It means your staff can be saving towards a brighter future life. Something I think we can all agree is a good thing!
For more information about how our financial advisers can help you with workplace pensions for your staff, please contact us.
Future Life Wealth
Management Limited,
Future House,
54 Ravenshorn Way,
Renishaw, Sheffield S21 3WY
+44 (0) 1246 435 996
info@wealthmanagement.uk.com
Opening Hours
Monday - Friday 8.30am - 5.00pm
Future Life Wealth Management Ltd is authorised and regulated by the Financial Conduct Authority
The Financial Conduct Authority does not regulate taxation & trust advice
We are entered on the The Financial Conduct Register No 509960 at www.fca.org.uk/register
The Financial Ombudsman service can be found at www.financial-ombudsman.org.uk
Registered in England No. 07036892 Reg. Address: Leodis House, 11 Pavilion Business Park, Rodys Hall Road, Leeds, LS12 6AJ
The guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
The value of your investment can go down as well as up and you may not get back the full amount invested.
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