About auto enrolment
Auto enrolment is a government initiative designed to help people save for their retirement. This means that the Company must enroll you into a suitable pension scheme if you meet certain criteria.
How does it work?
- All employees are assessed for eligibility based on their earnings and age.
- If you’re enrolled, you and/or the Company will pay into your pension account on a regular basis to help you save for your future.
- Your contributions are taken automatically from your pre-tax pay and once you’ve been enrolled you can look at paying in more if you want to.
- You’ll get a letter confirming that you’ve been enrolled and how much you and the Company will contribute and if those contributions will increase in the future.
For lots of people, paying into a workplace pension is a great way to save for later in life. However, it may not be right for everyone. If it isn’t the right thing for you, you can opt out of the Scheme online using Choice. Your letter will explain how to do this.
If you do not meet the criteria for automatic enrolment or wish to join before you are automatically enrolled, you may still join the KPS on a voluntary basis at any time by completing the Online Joining form. Alternatively, you can download the form and send it to to your payroll department.
