There has been much publicity regarding the new workplace pension reforms. Auto-Enrolment was brought in by the Government in 2012, as a means of providing pension cover for employees across the UK.
Companies are now obliged to offer their employees a workplace scheme if they are earning over £9,440 a year and are between 22 and state pension age.
Initially the change in legislation affects larger companies with 250 employees or more. However, the auto-enrolment scheme will also be extended to smaller businesses in the near future. So what does that mean for you?
As with every new initiative, the working framework can cause confusion. If you are a large company looking for the best way to implement the auto-enrolment scheme, or a small business owner looking to find out how this will affect you in the future, then give us a call.
As Independent financial advisers, Eclipse are up to date on all the latest developments with the auto-enrolment scheme which means we can offer advice and make the implementation a smooth one.