Auto Enrolment – Eligible Jobholder

To see whether your staff falls into this category review our blog “Auto Enrolment – Worker Categories”

• An Eligible Jobholder is automatically enrolled into the Auto Enrolment Pension Scheme.
• There is a total minimum amount that must be legally contributed to the employee’s pension fund.
• An Eligible Jobholder can opt-out of the scheme, but can only do so once the first contribution has been made. As an employer you cannot encourage your staff to opt-out. There are high penalties if this occurs.

Once you have categorised your member of staff as an Eligible Jobholder you need to notify them of this by letter have a peek at these guys.

The contributions to be made to the employee’s pension fund are as follows:

• Contributions can be made in excess of these amounts.
• The Employer can make the total contribution if they wish with no contribution made by the employee.
• The employer must always ensure they are paying at least their minimum contribution level

If you have any questions relating to whether your staff are Eligible Jobholders and what implication this has to your business please feel free to contact us here at Cheadles. We can advise what correspondence needs sending to your staff and what steps to take next.