All employers have to automatically enrol their eligible employees into a workplace pension scheme. However, it is important to note that an employee can decide to opt out of a pension scheme if they do not want to take advantage of this.
Essentially it is a system in which employers must automatically enrol their employees onto a pension scheme if they are eligible. In the past, many workers have missed out on the potential benefits of having a company pension.
The national minimum wage has been raised for over 25s from £6.70 to £7.20; whilst it has remained £6.70 for those aged 21 to 24. This new wage has been named the National Living Wage.
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