Pensions Auto-enrolment
To help people save more for their retirement, all employers are now required by law to provide a workplace pension scheme for certain staff, subject to qualification criteria.
We must enrol any of our staff who meet all of the following criteria:
You earn over £192 per week (or £833 per month)
You are aged 22 or over and
You are under state pension age
If you meet this criteria three months after your first payment date, you will be automatically enrolled into our workplace pension scheme. We will write to you again to confirm once you have been enrolled into the scheme. You can join the scheme before this date if you wish (see How to join below).
If you don’t meet the criteria, you won’t become a member of the scheme automatically but if in the future you earn more than £192 per week (or £833 per month), or turn 22, we will enrol you into the scheme and let you know.
If you don’t meet the criteria you can also ask to join the scheme now or in the future.
If you ask to join you will put money into the pension each week directly from your pay, and the government may also contribute through tax relief. If you earn over £120 a week (or £520 a month), when you ask to join, the minimum amount you will put into the scheme will be 4% of your earnings. Employer contributions will also be added to your retirement pot. If you earn less than £120 a week when you ask to join employer contributions are not mandatory.
How to join:
To join the scheme, now or in the future, tell us in writing by sending a letter which has to be signed by you. Or if you send us an email, please include the phrase, ‘I confirm I personally submitted this notice to join a workplace pension scheme.’
Yours sincerely,
Payroll
On Behalf of
Clockwork Contracting Ltd
We must enrol any of our staff who meet all of the following criteria:
You earn over £192 per week (or £833 per month)
You are aged 22 or over and
You are under state pension age
If you meet this criteria three months after your first payment date, you will be automatically enrolled into our workplace pension scheme. We will write to you again to confirm once you have been enrolled into the scheme. You can join the scheme before this date if you wish (see How to join below).
If you don’t meet the criteria, you won’t become a member of the scheme automatically but if in the future you earn more than £192 per week (or £833 per month), or turn 22, we will enrol you into the scheme and let you know.
If you don’t meet the criteria you can also ask to join the scheme now or in the future.
If you ask to join you will put money into the pension each week directly from your pay, and the government may also contribute through tax relief. If you earn over £120 a week (or £520 a month), when you ask to join, the minimum amount you will put into the scheme will be 4% of your earnings. Employer contributions will also be added to your retirement pot. If you earn less than £120 a week when you ask to join employer contributions are not mandatory.
How to join:
To join the scheme, now or in the future, tell us in writing by sending a letter which has to be signed by you. Or if you send us an email, please include the phrase, ‘I confirm I personally submitted this notice to join a workplace pension scheme.’
Yours sincerely,
Payroll
On Behalf of
Clockwork Contracting Ltd
