UK Payroll - Pension Automatic Enrolment (PAE)

Summary

A reminder from The Pensions Regulator re PAE

Content

 

As life begins to “return to normal” in the UK, the Pensions Regulator (TPR) [www.tpr.gov.uk] are reminding employers that although these are uncertain times and businesses may have changed since COVID-19, their duties re Pension Automatic Enrolment (PAE) have not. 

Reference:   www.tpr.gov.uk/covid-19-coronavirus-what-you-need-to-consider

Key points: 

1. Enrolment 
   1. Under UK law, all employers have to automatically enrol their eligible employees into a workplace pension scheme unless the employee chooses to opt out.  
   2. Employees should be assessed correctly, enrolled into a workplace pension scheme if eligible, and the correct contributions paid on time, on their behalf.