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Guernsey Secondary Pensions – what is this?

  • Publish Date: Posted 12 April 2024
  • Author: Suzy Hollingsworth Assoc CIPD

​1st July 2024 is fast approaching and as an employer you will need to comply with the Law and provide a suitable pension scheme.

What do you do if you already provide a pension? Simply speak to your pension provider to make sure your current scheme meets the secondary pensions legislation. Don’t leave it too late as you might need to make some changes to your existing scheme.

You should act now if you have 26 or employees to be ready for 1st July 2024. If you employ 11-25 individuals, you should prepare for 1st October 2024. You can start to prepare for 1st January 2025, with 6-10 employees and for 1st July 2025, with 2-5 individuals. Finally, with only 1 employee your deadline is 1st October 2025.

The legislation applies exclusively to employees residing in Guernsey, Herm, Jethou, or Alderney. Employees aged 16 to State Pension Age, not in full-time education, and likely to exceed the lower earnings limit annually are termed Designated Employees and must be automatically enrolled.

Employees aged 16 to 75 not automatically enrolled may request entry into the scheme. Referred to as Voluntary Employees, their status may change to Designated if circumstances warrant, necessitating automatic enrolment. For detailed Social Security contribution information and limits, refer to our Social Security contributions page.

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