.uk/actnow e’re all in.


WORKPLACE PENSIONS


CRAFTBUTCHER l MAY 2017 15


AIGN_297X210_DEV


Proof: 1


contributions. Te amount paid must be at or above the minimum amount set in law.


Operator: CH


JOB N°: KH3152


soſtware, e.g. payroll, should be able to support an employer with this monitoring.


CHANGES IN STAFF'S AGE AND EARNINGS Employers need to monitor any changes in age and earnings of their staff so they can identify if they become eligible for automatic enrolment. Tey must also check the eligibility of any new member of staff. Business


OPT OUTS, OPT-INS AND JOINERS ‘Opting out’ is when a staff member decides to leave a pension scheme within a month of being enrolled and get a full refund of any contributions they’ve made. Some staff who aren’t eligible for automatic


enrolment have a right to ‘opt in’ to the automatic enrolment scheme. Staff who opt in are entitled to an employer contribution. Other staff, who are a


certain age or who earn under a certain amount, are entitled to ‘join’ a pension scheme. Tough there’s no entitlement in law for an employer to pay a contribution for these staff, although they can choose to if they wish.


RE-ENROLMENT Every three years, employers will need to re-enrol staff who have opted out back into their automatic enrolment pension scheme, provided they’re still eligible. Tey will also need to complete re-registration with us. Te process for both is basically the same as at staging or aſter postponement. If an employer fails to


comply with their duties, the regulator may take enforcement action and issue a notice and / or a penalty. For further information


about ongoing employer duties following automatic enrolment visit www. thepensionsregulator.gov.uk n


Leonards L


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