Updating the re-enrolment period in portal involves specifying the timeframe during which eligible employees are automatically re-enrolled in a pension scheme.
This process plays a crucial role in ensuring compliance with legal requirements for pension auto-enrolment, while also preserving the integrity of employee benefits.
By correctly implementing the re-enrolment period, you can effectively manage your employees’ pension contributions, support their retirement planning, and avoid potential penalties for non-compliance.
To remain compliant, you must set up and manage the re-enrolment period for employees.
⚠️Important: Key points on re-enrolment:
Employees who opt out of Auto Enrolment are reassessed every three years.
Employees who opted out within the past 12 months will not be re-enrolled, in accordance with Auto Enrolment (AE) legislation.
Re-enrolment occurs automatically when the specified re-enrolment period is reached.
You can set re-enrolment years per pay group under Auto Enrolment parameters in the pay group section.
Employees cannot be postponed during the re-enrolment process.
Re-enrolment date/period
To update the re-enrolment date or enter the re-enrolment period, follow the steps below in portal.
Click Settings then under Tax Rates, click General.
Click Auto Enrolment.
From the Options drop-down menu, select Pay Groups.
Highlight the relevant pay group, then enter the new re-enrolment period.
🤓Tip: The date format is YYYYWW.
Click Save.
📌Note: A company's re-enrolment period should be 3 years after the staging date and 3 year cycles there after.