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
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
Our course on Pensions Auto-Enrolment was well received by participants.
There was a lot to take in, but people in general felt that they had been helped to move forward in their organisations.
Here are a few excerpts from the feedback sheets:
Well delivered by all trainers
Relaxed and informative
Our next course runs next Wednesday, 24th September, when Nick Meakin will be speaking on Charity Law and how it affects your group.