UK Payroll - Pension Automatic Enrolment (PAE)
SummaryA reminder from The Pensions Regulator re PAE
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.
- Under UK law, all employers have to automatically enrol their eligible employees into a workplace pension scheme unless the employee chooses to opt out.
- Employees should be assessed correctly, enrolled into a workplace pension scheme if eligible, and the correct contributions paid on time, on their behalf.