The Introduction of Automatic Enrolment
By law, every employer in the UK must put certain staff into a qualifying pension arrangement and contribute towards it. This is called ‘auto-enrolment’. The Plumbing and Mechanical Services (UK) Industry Pension Scheme is a qualifying Scheme for auto-enrolment. The Plumbing Pensions Scheme can be used for auto-enrolment by all current participating employers but the Scheme can no longer accept new employers. If you are an employer currently participating in the Scheme and would like more information about using the Scheme to auto-enrol new employees please contact us.
Employees can choose to out-out, in which case they will not build up any benefits in the Scheme and there is no requirement for their employer to pay contributions.
Every three years employers much re-enrol certain staff back into a qualifying pension scheme and complete a declaration to the Pensions Regulator.
If you are not currently participating in the Scheme and need a pension arrangement to help you comply with your auto-enrolment duties, you may find this link to The Pension Regulator’s website helpful.