Call us
020 8906 6768

Compulsory Pensions

The law on pensions has changed dramatically in 2012. Between then and 2018 every employer must:

  • Have a pension scheme
  • Automatically enrol eligible* employees
  • Contribute towards the scheme


*A worker is eligible if they are between 22 and the State Pension age, earn more than £10,000, have a contract of employment and work in the UK.

The new rules do not apply to owner directors and their spouses, unless they have a signed contract of employment. Even though it is not compulsory, you may want to consider setting up your own scheme because contributions from your company are tax deductible.

There are a number of options.

Work with an Independent Financial Advisor. This is likely to be the quickest and easiest option but also the most expensive. Expect to pay £2,000+.

The Pensions Regulator has published a step-by-step guide click here. We found a free online service option for employers at There are charges for employees and I do not believe there is any advice built into the system.

Another online option, which does include built-in advice from a registered Independent Financial, is At the time of writing the price is £435 plus VAT.

If you would like to talk about this or want an introduction to an Independent Financial Advisor get in touch.