Qualifying Workplace Pension Scheme A pension scheme that meets the government’s regulations (as laid down in the Pensions Act 2008) for a workplace pension scheme. Qualifying earnings The name given to a band of earnings a business can use to calculate contributions for automatic enrolment. Self-certification Employers who choose not to use qualifying earnings must self-certify that they are complying with one of the alternative definitions.
Opt-out The process where an employee who has been automatically enrolled into a pension scheme chooses not to remain in the scheme. Pay reference period The period of time over which staff earn their salary or wage, for example monthly or weekly. Pensionable pay The definition of earnings being used to calculate the level of pension contributions, for example the employee’s basic salary. Phasing The process whereby the minimum contribution requirement increases over the period to October 2018. Postponement The option of deferring the automatic enrolment of employees. Employers can choose to postpone enrolling eligible employees for up to 3 months from their start date. Employees will retain the right to opt-in at any time.
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