Qualifying scheme
There are certain minimum requirements that workplace pensions must meet in order to be classed as a qualifying scheme. At the very least, qualifying schemes must:
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Minimum requirements
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How The People's Pension complies |
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Automatically enrol eligible workers |
The People's Pension is specifically designed to make automatic enrolment easy and straightforward. We'll even help you identify who should be enrolled.
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Accept those who are not eligible for automatic enrolment, but who wish to join the scheme anyway
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Our Employer Assistance program will help you identify who is a non-eligible jobholder and who is an entitled worker, as well as tell you exactly how these employees can opt in or join the scheme.
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Allow workers to opt-out if they want to
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Your workers must be told they can opt-out of the scheme if they want to and be shown how to do this. We provide all the necessary documentation and take you through the opt-out process step by step.
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Make minimum contributions on behalf of eligible workers |
We make collecting and allocating contributions as simple as possible. Contributions can be made by payroll deduction, so reducing your administrative burden.
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Not impose any barriers to joining the scheme
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The People's Pension is open to all your employees. There are no restrictions on who can join or how much they can contribute subject to minimum contributions. |
