These figures are correct for the 2022/23 tax year.
Why have I not been automatically enrolled into your pension scheme?
We are obliged by law to automatically enrol you into a pension scheme if you meet certain criteria.
However, we don’t enrol you straight away – we wait for around three months after you join Key Portfolio. This gives you time to get started as a contractor and get a realistic picture of your typical earnings. Once this date has passed, the trigger for us to automatically enrol you is the next time your pensionable earnings reach £192 in a week.
If we haven’t automatically enrolled you into our pension scheme, it’s probably for one or more of these reasons:
- You’re still in your first three months of employment
- You’re under 22
- You’re over State Pension age
- You earn less than £192 per week, £384 per fortnight or £833 per month
Don’t forget that you can ask to join the pension scheme at any time, even if you don’t meet the criteria for auto-enrolment.