Auto Enrolment Pension Service

Auto Enrolment Pension Service

Apex Accountants offers an auto-enrollment Pension Service that will take the hassle out of pension provision for your business

Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. Also known as, “auto-enrolment pension service,” it applies if you employ at least one person.

Our experience shows the work involved in setting up a new auto-enrollment scheme (or changing an existing scheme) should not be underestimated. Its affects payroll too, so it is vital that processes and systems work together.

Auto Enrolment Rates

From 6 April 2019, the minimum your employer has to contribute increased to 3% of your salary (within certain limits detailed below), up from 2% previously. At the same time, the minimum total enrollment contribution rose to 8% (that’s the total you and your employer together must put in).

What is Nest Auto Enrolment?

Most workers in the UK are automatically enrolled in a workplace pension scheme by their employers. From the date they’re automatically enrolled, they have a month to ‘opt out’ Workers and employers can both contribute to Nest to build a retirement pot that’s invested on behalf of the worker.

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