Workplace Pensions: The Requirements
Employers in the private sector are required to auto-enrol their eligible employees into the company’s defined-contribution workplace pension scheme. There are no updates in criteria from the previous tax year. Employers must enrol all employees who earn over £10,000 per year and are aged over 22 and under the state pension age.
Employers are to pay a minimum of 3% of the employee’s qualifying earnings into their workplace pension scheme. They must also deduct 5% from their gross earnings and pay that into the pension on the employees behalf.