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Pension for new starter
Sir_Artois
Posts: 49 Forumite
Hiya,
Not sure if this is correct place but hey.
I'm due to start a new job in a month, but the new company states pensions are only payable after 12months. My probation will be 6 months.
Is that correct, to the new auto enrolment pensions?
Cheers
Not sure if this is correct place but hey.
I'm due to start a new job in a month, but the new company states pensions are only payable after 12months. My probation will be 6 months.
Is that correct, to the new auto enrolment pensions?
Cheers
0
Comments
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I had to wait 3 months to get a standard pension in my current position which kicks in only end of this month as they stretched only after probation out. I leave in July so it!!!8217;s a great way to save money lol!
Only ever heard of auto enrolment once.0 -
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I think employers can only delay automatic enrolment for a maximum of 3 months
http://www.thepensionsregulator.gov.uk/postponement.aspx0 -
thank you kindly guys0
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Correct. What we do where I work is log the person with AE, and then defer them for three months.Doshwaster wrote: »I think employers can only delay automatic enrolment for a maximum of 3 months
http://www.thepensionsregulator.gov.uk/postponement.aspx
This is assuming you're earning over the AE threshhold.
Entirely possibly they've just not updated their documentation ... I'd check it with them, and if they still persist in saying you've got to wait 12 months, run for the hills. And report them ...Signature removed for peace of mind0 -
Does it not mean they won!!!8217;t pay out unless you have worked over 12 monthsMortgage free wannabe
Actual mortgage stating amount £75,150
Overpayment paused to pay off cc
Starting balance £66,565.45
Current balance £55,819
Cc debt free.0 -
Mm the longest they can make you wait is three months. TBH it's probably that they haven't thought/bothered to update their contracts rather than them deliberately breaking the rules.
I wouldn't turn down a job I wanted based on it, but might raise it after three months depending on how it's going.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
That is a possibility, although again, I'm not sure that's a valid thing to say under AE.Does it not mean they won't pay out unless you have worked over 12 months
It is possible that the employer has a scheme which isn't just standard AE, although it must require at least as much in contributions.Signature removed for peace of mind0 -
Hiya guys, thanks for the help; it was a simple case of they hadn't updated their T's and C's since the legislation change. The pension is payable upon starting the job
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