What is auto enrolment?
Automatic enrolment is a government initiative designed to encourage saving for retirement. It started in October 2012 and is being rolled out across the UK so that by 2018 all employers will have to provide a workplace pension which eligible staff will be automatically enrolled.
Employers will automatically enrol eligible workers or jobholders into a workplace pension who:
- are 22 years old or over, but under the state pension age
- are not already in a qualifying pension scheme
- earn more than £10,000 a year (2015-16 tax year figures)
- ordinarily work in the UK
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