Auto Enrolment

What is Auto Enrolment?

From October 2012, a new system came into law eventually covering all employees in the UK.

Workers will see a percentage of their pay being automatically diverted into a “savings pot” for their eventual pension.

The system, which is called Auto or Automatic Enrolment commenced in October 2012 and will be rolled out over a six year period starting with the UK’s largest employers first.
In addition to the contribution taken from the employee, the employer will also be obliged to pay a contribution with the Government adding into the pot through tax relief.
Those employees who are already in a workplace pension or are self-employed will not be affected.

How can Einon HR help?

Einon HR work with associates who are Independent Financial Advisers and who are fully regulated by the FSA.
Auto – Enrolment maybe just around the corner so contact Einon HR soon