
Workplace Pensions & Auto Enrolment
‘Auto-enrolment’ Schemes were staged over a 6-year period, with different staging dates for different companies.
From 6 April 2019, a total minimum contribution of 8% of qualifying earnings (including an employer contribution of at least 3%) is needed in each relevant pay reference period to meet the standard quality test.
This minimum contribution level was the final step-up in a 3-year phased approach to increase auto-enrolment saving.
Employers initially certify their schemes quality testing basis and must renew certification every 18 months (maximum).
Orchestrating gains amidst turmoil!
I just received the review and haven’t read it yet but am extremely pleased with the results over the past 6 months on my account – especially in view of the pandemic and crazy, constantly evolving economy we are experiencing recently. Many thanks and congratulations to you and the team for orchestrating gains amidst turmoil!
Friendly and efficient
I have always found Pembroke friendly and efficient.