[ˈɔːtəʊ-ɪnˈrəʊlmənt]
Auto-enrolment is a UK government scheme that automatically enrols employees into a workplace pension. Your employer must also contribute.
Auto-enrolment is a UK government initiative that is aimed at increasing the number of people saving for their retirement. It requires that all employers automatically enrol eligible workers into a Workplace Pension scheme and make contributions towards it. It was introduced so that employees who may not have otherwise saved for retirement will be enrolled and encouraged to build up their savings.
You are eligible for auto-enrolment if you're aged between 22 and State Pension age, and if you are classified as an employee. Your employer must also contribute to the pension scheme, and the government provides tax relief on these contributions
Auto-enrolment was introduced in 2012, and it has been successful in increasing the number of people saving for their retirement. However, it's important to note that workers can choose to opt out of the scheme if they wish to do so and receive a full refund. This must be done within one calander month.
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