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Pensions Auto Enrolment

From October 2012, starting with the largest organisations in the UK in a phased approach, employers have been required to automatically enrol their eligible employees into a suitable and compliant workplace pension scheme.

The rules, commonly known as ‘auto-enrolment’, were introduced through the Pensions Act 2008 and are designed for both eligible employees and temporary agency workers who are engaged and paid on a Pay-As-You-Earn (PAYE) basis.

The reforms to workplace pensions have been driven primarily to encourage workers to actively save for their retirement and to attempt to relieve some of the burden on the State Pension provision that an ageing UK population represents.

Auto-enrolment may represent a new aspect to your working arrangements as a temporary worker especially if you have not previously considered saving for retirement or actively been involved in contributing to a pension scheme.

We would like to provide you with some initial information on the pension reforms and what they mean for you as a temporary worker through Hudson.

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