HELPING EMPLOYERS TO ENROL YOU INTO A WORKPLACE PENSION

Quality Pension Scheme.

Access to a Leading Pension Fund

Unrivalled support.

WHAT DOES AUTO ENROLMENT FOR EMPLOYEES MEAN?


Under new government legislation, your employer is legally obliged to Automatically Enrol all qualifying employees into a suitable workplace pension scheme.

They must make contributions, tell you about their scheme and keep you updated with how your pension fund is doing.

WHY IS AUTO ENROLMENT HAPPENING?


With so many people living longer these days, there is no way that the current state pension will be sufficient for your retirement. Nurture’s workplace pension scheme encourages people to save and ensures that employers ‘do their bit’ in adding to your retirement funds. Don’t forget, you get tax relief on your pension contributions too, so it’s a win: win situation.

You can choose to opt out, but your employer cannot.

WHO QUALIFIES FOR AN AUTO ENROLMENT PENSION SCHEME?


The Auto Enrolment pension applies to all employees who are:

Aged between 22 & state pension age Earning more than £10,000 a year* Working in the UK

*This figure applies to 2015/16 and will be reviewed year by year

The legislation came into place in October 2012, however the date that your employer needs to start a workplace pension scheme depends on the number of PAYE employees as at 1st April 2012.

WHO PAYS WHAT INTO MY WORKPLACE PENSION?

Employers

Employee

Minimum

Contributions

Up to *05/04/18

1%

1%

2%

From *06/04/18 — *05/04/19

2%

3%

5%

From *06/04/19 onwards

3%

5%

8%

*The proposed dates are subject to Parliament approval

 

You may get tax relief on your regular and single contributions if you are a taxpayer. You don’t pay tax on your pension contributions. Tax relief depends on individual circumstances and may change in the future.

  • Fair and clear charges
  • Easy to set up
  • Fully compliant software solution
  • User friendly pension management software

Operating the system yourself is simple but we also have a UK based call centre on hand should you need some help. At Nurture we are there every step of the way with all the service and support you need.

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AN EMPLOYEES GUIDE TO AUTO ENROLMENT WORKPLACE PENSIONS