Every three years you must put certain staff back into a pension scheme.
This is called ‘re-enrolment’
Your re-enrolment duties must be carried out approximately three years after your automatic enrolment staging date. Your duties will vary depending on whether you identify that you have staff to re-enrol, or whether you have no staff to re-enrol. Either way, you will need to complete a re-declaration of compliance to tell the Pensions Regulator how you have met your duties.
Remember, re-enrolment and re-declaration is your legal duty and if you don’t act you could be fined.
There are 3 stages for you to follow:
- Choose your re-enrolment date – you should do this now
- Assess your staff – do this on your re-enrolment date
- Write to staff you have re-enrolled – do this within 6 weeks of your re-enrolment date
More help and advice can be found here
A reminder to you all that the changes to the National Living Wage and National Minimum wage take effect from April 2019.
The hourly rate for the minimum wage depends the employee’s age and whether they are an apprentice.
The rates are as follows:
||25 and over
||21 to 24
||18 to 20
|April 2018 (current rate)
Employers use an employee’s National Insurance Category Letter when they run payroll to work out how much they both need to contribute.
Most employees have category letter A. Employees can find their category letter on their payslip.
||All employees apart from those in groups B, C, J, H, M and Z in this table
||Married women and widows entitled to pay reduced National Insurance
||Employees over the State Pension Age
||Employees who can defer National Insurance because they’re already paying it in another job
||Apprentice under 25
||Employees under 21
||Employees under 21 who can defer National Insurance because they’re already paying it in another job
Category letter X
Employers use category letter X for employees who don’t have to pay National Insurance, for example because they’re under 16.
What happens to your pension if you change jobs?
Your workplace pension still belongs to you. If you do not carry on paying into the scheme, the money will remain invested and you’ll get a pension when you reach the scheme’s pension age.
You can join another workplace scheme if you get a new job.
If you do, you may be able to:
Ask your pension providers about your options.
Get help and advice
You can get free, impartial information about transferring your pension from:
You can also get impartial advice about workplace pensions from an independent financial adviser. You’ll usually have to pay for the advice.
You can find more detailed information here