Compulsory pension arrangements for employers

The Pensions Act 2008 will require employers to ensure that their employees are enrolled into a pension scheme making a minimum contribution of 3% of wages. Employees will contribute 3% and 1% will come from government. Arrangements will be made within a compliant employer scheme or a compulsory state scheme.

Employers with more then 250 employees will need to be enrolled by 1 February 2014

Employers with 50-249 employees will need to be enrolled by 1 April 2015

Employers with 30-49 employees will need to be enrolled by 1 October 2015

Employers with less than 30 employees will need to be enrolled between 1 January 2016 and 1 April 2017.

Rob Bryan Associates
www.robbryanassociates.org.uk
robbryan@mac.com