Frequently Asked Questions
The concept of a Workplace Pension Scheme was introduced by the Pensions Act 2008. All employers in the UK are required to establish a Workplace Pension Scheme on their Staging Date. On you Staging Date and each subsequent Pay Period you must carry out an Assessment of your employees. The employer must deduct a contribution from the earnings of all their Eligible Employees and pay this to the scheme along with an employer contribution. A process called Automatic enrolment.
“I established my first personal pension with Corporate Benefits on starting a new job in 2014, having previously held a corporate pension. Being fairly new to pensions, Corporate Benefits were extremely helpful in giving me enough information and advice to understand the tailored pension they recommended for me. They have happily answered any questions I have had during the process, including helping me to understand clearly the breakdown of payments and investments. With the pension recommended for me, I have been able to monitor the pension growth and personalised regular investment reviews made via a web portal which has been both interesting and rewarding. At my first yearly review, earlier this year, I was pleasantly surprised by the growth over my first year and reassured that the regular monitoring of my pension strategy are benefiting me over the longer term.”