From October 2012, the Government introduced new pension regulations which affect all UK employees and PAYE Workers. All employers have a legal requirement to automatically enrol eligible jobholders into a qualifying scheme.
Sitec has a legal requirement to automatically enrol its eligible jobholders into a qualifying workplace pension scheme. To be eligible you must
- be engaged PAYE
- be aged 22 or over and under State Pension Age
- work (or usually work) in the UK
- be earning the equivalent of £10,000* or more a year gross pay (including overtime, shift premiums, commission or bonuses in the week you are assessed)
- not already be in a qualifying pension scheme
Eligible jobholders will be automatically enrolled into our Group Personal Pension. Both you and Sitec will make a weekly contribution of 1% of your band earnings.
You can find out more about auto-enrolment by visiting: www.direct.gov.uk/workplacepension