In the past, many workers missed out on valuable pension benefits, because their employer didn’t offer them a pension, or they didn’t apply to join their company’s pension scheme.
Automatic enrolment changes this. It makes it compulsory for employers to automatically enrol their eligible workers into a pension scheme. The employer must also pay money into the scheme.
Automatic enrolment is being phased in, starting with the largest UK employers. So if you’re eligible (see below) and haven’t yet been enrolled into your workplace scheme, you should be by 1 February 2018, at the latest.
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Announced on Friday 9th October is an expansion to The Job Support Scheme to provide temporary support to businesses whose premises have been legally required to close as a direct result of Coronavirus restrictions set by one or more of the four governments of the UK.
After Rishi Sunak’s announcement, HMRC have now released further information surrounding The Job Support Scheme. This scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19.