Automatic enrolment only applies to employees based in the UK and simply means that you are now a member of the Plan without having to fill in any forms.
If you’ve been automatically enrolled, you will be a member of the Employee Pension Plan (EPP), and you can find out more about the importance of being in a pension scheme.
Click here
It has been a legal requirement since 2012 that if you meet certain conditions, and you are not already in a workplace pension scheme, your employer must make you a member of their pension scheme. To be automatically enrolled, you must:
- Earn more than £10,000 per year,
- Be over age 22 but under State Pension Age,
- Work or usually work in the UK.
Do I have to be automatically enrolled?
Yes, you do, if you meet the above conditions. William Hill is legally required to automatically enrol you. You can opt out but providing you meet certain conditions, you will be automatically re-enrolled every three years.
If you are based in Gibraltar and are interested in voluntarily joining the Scheme please click here.
What if I want to opt out?
If you opt out within one calendar month from your enrolment notification date, you will receive a refund of the contributions you have paid, less tax, and it will be as if you had not joined the Plan. If you opt out after one calendar month your contributions, plus any that William Hill have made will stay invested in the Plan. You can choose to transfer them to another pension scheme, or take them when you retire.
Watch the video below to learn more about automatic enrolment.