About auto enrolment

Auto enrolment means all employers must put their eligible employees into a workplace pension and contribute to their pension savings. These rules are set by the government and enforced by The Pensions Regulator.

What auto enrolment means for you

Auto enrolment means employers must:

  • enrol their eligible employees into a pension, and
  • contribute to their pension savings.

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’).

 

How auto enrolment works

How auto enrolment works

The four key stages

1

Your employer enrols you into the Scheme

2

You and your employer pay contributions

3

Pension savings invested

4

Available to take from age 55

Who qualifies to be auto enrolled?

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.

Can I still be enrolled even if I don't qualify?

If you earn less than £10,000, but above £6,240 in a single job (for the tax year 2020-21), you won’t be auto enrolled. As long as you’re aged between 16 and 74, you can ask to join your workplace pension scheme.

However, you can still ask to join, in which case your employer can’t refuse and must make contributions for you. Our Scheme is set up to do this.

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.

How to stop contributions

Can I re-join?

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.

Learn more