Auto enrolment means employers must:
Auto enrolment was introduced to help more people save for retirement after the UK government found many people had very small or no pension savings other than the State Pension.
Your employer has chosen NOW: Pensions as your auto enrolment provider. This means all eligible employees will be enrolled into our workplace pension Scheme (‘the Scheme’).
You’ll be auto enrolled if you’re aged between 22 and State Pension age, and earn at least £10,000 a year in a single job.
Yes. As long as you’re aged between 16 and 74, you can ask to join your workplace pension scheme. Your employer must put you into the Scheme and make contributions for you.
You don’t have to stay in your workplace pension. You can opt out within your opt-out window which is one calendar month of being enrolled or you can stop paying contributions later. But, if you do, you won’t build up any pension savings with your employer’s help.
Even if you leave your workplace pension scheme, you can re-join at any time. Additionally, your employer has a legal obligation to re-enrol you every three years.
If you still don’t want to be in your workplace pension scheme when this happens, you can opt out again. You’ll have one month to do this.
You’ll be able to manage your pension securely through your online member account 24/7 via PC, mobile or tablet.
