Tel : 02087319981
Dear Mr Robert Redford
DEMO COMPANY LIMITED’s pension scheme - A change in the law that affects you
To help people save more for their retirement, all employers are now required by law to provide a workplace pension scheme for certain staff and pay money into it.
We must enrol any of our staff who meet all of the following criteria:
Earn over £192 per week (or £833 per month)
Are aged 22 or over and
Are under state pension age
Because you did not meet all of these criteria,
you have not become a member of the scheme automatically, but you can ask to join it if you want to. If you do join, each month you will put money into the pension directly from your pay and the government will also contribute through tax relief. If you earn over £118 a week (or £512 a month), the minimum amount you will put into the scheme each pay period will be 5% of your earnings.
If you earn over £118 when you ask to join, we will also contribute to the pension scheme on your behalf. If you earn less than £118 a week we are not obliged to contribute to the scheme as well. If you want to join the pension scheme, tell us in writing by sending a letter which has to be signed by you. Or if you send it electronically, please include the phrase, 'I confirm I personally submitted this notice to join a workplace pension scheme.’
In the future if you earn more than £192 per week (or £833 per month), are over the age of 22, and you have not joined the scheme, we will automatically enrol you and tell you we have done this.
Yours sincerely,
Demo Company Limited
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