Please Confirm

OK Cancel

Workplace Pensions - Employers' Obligations

employers auto enrolment


As a result of automatic enrolment, millions of employees now have the opportunity to start building savings for their retirement.

Under the Pensions Act 2008, every employer in the UK must put their qualifying employees into a pension scheme and, where appropriate, pay contributions. This is called 'automatic enrolment'.

Key points to note:

  • If you're a UK employer, auto enrolment will affect you.
  • You will need to 'enrol' certain employees into a workplace pension scheme.
  • You must communicate the changes to your employees that have been affected.

  • Automatic enrolment is a continuing responsibility for employers, and there are ongoing duties to carry out after your initial staging date.

    Each time you pay your employees, including new starters, you must assess their age and earnings to see if they need to be put into a pension scheme, and how much you need to pay in.

    A pension is a long term investment, the fund may fluctuate and can go down. Your eventual income may depend upon the size of the fund at retirement, future interest rates and tax leglisation.

    Auto Enrolment advice to employers is not regulated by the Financial Conduct Authority.

    The Financial Conduct Authority does not regulate Work Based Pension Schemes.

    Innovate has joined the ground-breaking . Learn more →

    Innovate Financial Services Limited is authorised and regulated by the Financial Conduct Authority, no 484358. Registered in Scotland, Registered No. SC337535.
    Registered Address Investment House, One Alvanley Terrace, Edinburgh, EH9 1DU.
    The guidance contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.
    The information contained within this site is subject to the UK regulatory regime and is therefore targeted primarily at consumers based in the UK.
    Please read our Privacy Policy before completing any enquiry form or before sending an email to us.
    Decisions should not be taken based solely on the content of the website and individual advice should be sought first.
    Regulations, levels and bases of taxation are subject to change.

    Innovate Financial Services Edinburgh - IFA Edinburgh - Financial Advice Edinburgh - Innovate Edinburgh - Financial Adviser Edinburgh - Independent Financial Adviser Edinburgh