PLEASE REFER TO YOUR EMPLOYER’S POLICY DOCUMENTS FOR THEIR TERMS & CONDITIONS FOR YOUR COMPANY PENSION SCHEME.
To meet legal requirements, every employer must put employees into a workplace pension scheme and pay money into it*.
Auto-enrolment is government legislation on workplace pensions, designed to help people save for later life. *All employees between 22 years old and state pension age, working in the UK and earning at least £10,000 per annum (correct March 2022) will be automatically enrolled into a workplace pension scheme.
It’s not just the employee who pays into a pension – the employer and the government contribute too. It’s extra ‘free’ money for the employee.
PLEASE SEE YOUR COMPANY PENSION POLICY…