Workplace pensions and auto-enrolment
Employers must automatically enrol eligible staff into a qualifying workplace pension and contribute to it. The duties are ongoing, not a one-off.
- Eligible jobholders must be enrolled, with minimum contributions from employer and employee
- You must manage opt-outs, opt-ins and regular re-enrolment
- Declarations of compliance are required, with penalties for getting it wrong
- The duties apply even if you employ just one person
How MMC helps: we set up and run auto-enrolment through your payroll, handle the assessments and submissions, and keep you on the right side of your duties.
Tax-efficient pension saving
Pension contributions attract tax relief, making them one of the most effective ways to save for the future — within limits that reward planning.
- Personal contributions receive tax relief, subject to annual limits
- High earners may see their annual allowance tapered
- Unused allowance can sometimes be carried forward from earlier years
- Employer contributions can be very efficient and may reduce Corporation Tax
How MMC helps: we work with you and your financial adviser to use the available allowances well, and to coordinate pension saving with how you draw income from your business. For current limits, see our tax rates & allowances page.
These factsheets are general guidance, not advice, and rates and thresholds change. For current figures see our tax rates & allowances page, and please contact us for advice tailored to your circumstances.
