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Workers to join company pension
If you haven’t yet joined the company pension scheme, you might find yourself being made to join one next year.
To help people save for their retirement, all employers will need to enrol workers into a workplace pension, if they meet the criteria below. You and your employer will pay into this pension.
All employers will have to enrol their workers into a workplace pension, if they:
- are not already in one
- earn more than £7,475 a year
- are aged 22 or over
- are under State Pension age
- work, or usually work, in the UK
You can choose to opt out of the scheme if you want to but you will be re-enrolled every three years.
DMGT will be enrolling workers into a workplace pension in 2013.
Source: Time For Money