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Automatic enrolment is a government initiative to help more people save for later life through a workplace pension scheme.
Millions of workers have missed out on building a future income for retirement because either their employers have not offered a workplace pension or they didn’t apply to join the scheme available to them.
Automatic enrolment completely changes this. The new rules make it compulsory for employers to automatically enrol certain workers into a pension scheme. Employers must also pay money into the scheme.
Automatic enrolment is being phased in, starting with the largest UK employers.
To find out when this will apply to you click here.
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