View across the River Thames from Windsor to Eton.

Group pensions and auto-enrolment

Ensure that your responsibilities towards your staff and government requirements are met by setting up your auto-enrolment or group pensions scheme.

Meet the auto-enrolment requirements

Every employer must automatically enrol eligible workers into a workplace pension scheme.

Eligible workers are employees who are between the ages of 22 and state pension age and employees who earn more than a set baseline salary.

Auto Enrolment started 1st October 2012, beginning with larger employers and gradually progressing through to the smallest employers.

Non-complying companies face quickly escalating consequences, possibly culminating in criminal prosecution and asset seizure.

Penalties can be avoided with efficient planning to ensure that schemes comply with the new rules and that administrators are confident with the processes.

We are here to help you, so please feel free to contact us. We are proud of our reputation for providing sound, practical and impartial advice with no pressure and no obligation.

Group pension schemes

Every employer is different and will have varying requirements and needs.

Essentially, a group pension scheme is set up by you the employer and then run and administered by a pension provider. Both the employee and employer can contribute to the group scheme. The amount you as the employer puts into your group pension will depend on how much the employee is willing to save into it. You may wish to match your employee's contributions, or you could be more generous as part of your employee retention scheme.

Employees that leave the organisation are likely to be able to continue to make their own contributions to the scheme, as the contract is between them and the provider. This can be quite an attractive proposition when compared with a traditional occupational pension where the pension becomes deferred when the employee leaves prior to retirement age.

We can help guide you to the right solution for you and your employees.

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Financial planning and advice for people and businesses across Berkshire, Buckinghamshire, Oxfordshire, Hampshire, Surrey & beyond.