What does Auto-Enrolment mean?
On 1 October 2012 the Government introduced legislation making it compulsory for all employers to enrol eligible workers into a qualifying workplace pension scheme and make contributions. This is known as ‘auto-enrolment’. Every employer is given a date, set in law, when their duties start, ie their staging date.
The government’s aim is to get more people to have another income, on top of the State Pension, when they come to retire. The full basic State Pension in 2018-19 is £125.95. Employers are enrolling their employees into a scheme to make it easier to start saving.
Qualifying Scheme for Auto-Enrolment
Enhance is a qualifying scheme which complies with the auto-enrolment requirements.
Employers using Enhance - Construction Pension Scheme Northern Ireland are well on the way to complying with auto-enrolment legislation, provided all employees eligible to join Enhance are enrolled by the staging date.
It is the employer's responsibility to check their staging date by entering their PAYE reference in the Pension Regulator's Staging Date Calculator.
As your staging date approaches, you will need to complete a number of processes to demonstrate that the company complies with the legislation.
1. Review Pension Arrangements
Review your pension arrangements to ensure that all staff are enrolled in a qualifying scheme. If you have other pension providers you will need to liaise with them regarding compliance.
2. Communicate with your workers
You should give any non-contributing employees the opportunity to contribute, and retain signed confirmation.
Hold a certificate to confirm that Enhance is a qualifying scheme for auto-enrolment.
Download a template certificate. (This certificate is strictly for issue to current Enhance participating employers only.)
4. Declaration of Compliance with the Pensions Regulator
You must declare your compliance with auto-enrolment by registering online via The Pensions Regulator's website within five months of your staging date.