What is Automatic Enrolment?

If you employ people, you'll soon have new duties to help them save for retirement. New pensions law is being rolled out to all employers starting with the biggest ones first. Follow our advice to get prepared for automatic enrolment.

  • What is Automatic Enrolment?

    Workplace pension law is changing. You'll have new legal duties to help your workers save for retirement. The responsibility for complying will rest with you, the employer.

    Automatic Enrolment is a key part of the Workplace Pension Reform, it means you'll need to automatically enrol certain members of your workforce into a pension scheme, and you'll need to make a contribution towards it.

    The law has already come into force for large employers, such as Marks and Spencer, with smaller employers following over the next six years. You can find out the staging date for your business here.

    Watch the video below to find out more about Auto Enrolment and what you'll need to do.

  • Why is this happening?

  • The Government may not be able to afford to keep state pensions at their current level in the longer term.  

    People are also living longer and are likely to sustain a longer retirement and the size of their pension fund will need to be greater to fund this.

     
     

    quoteThe government estimates about seven million people aren't saving at all or enough for their retirement quote

     
  • Automatic enrolment is being introduced in to tackle these issues. The Pensions Act 2008 introduced new legislation to encourage employees to save for retirement. This will give employees improved access to a pension scheme and eligible workers will be automatically enrolled. As an employer you will be required to comply with the scheme which will be enforced by The Pensions Regulator.

    Auto Enrolment aims to make it easier for your employees to join and contribute to a pension scheme. They will also benefit from contributions from their employer.  The statutory contribution levels will be phased in giving you time to adjust.

    To find out more about pension Automatic Enrolment legislation and why it is happening, download our free guide.

  • Get in touch

    We're open 9am-5pm,

    Monday to Friday

     

    New customer sales:
    0800 923 0344

     

    Existing customer sales:
    0800 33 66 33

     

    Email the small business sales team

  • Existing customer? Need help processing Auto Enrolment?

    For help with processing automatic enrolment in Sage 50 Payroll, including how to use the Pensions Module:

    Visit our support site
  • Free guide to Automatic Enrolment

    Our comprehensive guide includes legislation advice and step-by-step guides to help you prepare.

    Auto Enrolment guide

    Get your free auto enrolment guide


  • Start preparing now with Sage 50 Payroll

    Preparation is key. From creating an action plan, to forecasting your costs, it's important you start preparing now, with Sage 50 Payroll.