In one of my previous blogs, How to Create Your Auto Enrolment Action Plan, I touched upon the fact that you will need to enrol all eligible employees who are above the earnings threshold and aged between 22 and the state pension age into the scheme.
But do you know exactly HOW to assess your workforce for eligibility? For example, what IS the earnings threshold – do you know?
This is not a one-time only task and you will need to take an assessment during every single period of pay after your staging date.
If you are still not sure what your staging date is I urge you to find out now – take another look at the guide.
The employees who need to be automatically enrolled in a pension scheme are called eligible jobholders. These people must be entered into a qualifying pension with you making contributions on their behalf.
But what do you do with employees who are not eligible jobholders? Do they still have the right to opt into a pension scheme or to join one? Or can you simply choose to ignore them?
How do you know if you have a foolproof process that ensures that if an employee reaches their 22nd birthday or receives a pay rise and exceeds the earnings threshold, that they are automatically enrolled into your scheme of choice?
Will your accounting software be able to handle this task or will you have to do it manually - and risk error? Download our free Guide to find the answers to these questions and many more.
After reading, if you still have any queries about enrolment eligibility please don’t hesitate to get in touch. Join the Business First Network today to become auto enrolment compliant for free.