Virgin Employer Pensions - We set up, run and promote the scheme for you free of charge
Does my business need to offer a pension?
If you employ five or more people you are legally required to give them the opportunity to join a company pension plan. Fail to do this and you risk a fine of up to £50,000.
Unless you already offer some other recognised company pension scheme, you have to offer your employees membership of a stakeholder pension like the Virgin Pension.
What are my responsibilities as an employer?
Does my business have to contribute?
You do not necessarily have to contribute anything to your employees’ pensions. However, bear in mind that pension contributions are a useful addition to the benefits that attract and retain staff.
Another factor to consider is that, as employer contributions are made before deduction of tax and national insurance, any payments you make would benefit an employee more than a pay rise of the equivalent amount, and cost your business less.
What are the alternatives to a pension like the Virgin Pension?
Why choose the Virgin Pension?
Will it take me a lot of time to administrate?
Not at all. We promote, set up and manage the scheme for you, dealing direct with your employees and handling the administration – leaving you to get on with running your business. All you have to do is send us a single monthly payment to cover all contributions from your employees (and from yourself if you are making any employer contributions).
Payment amounts can be changed at any time and we can even tailor the pension so you can reward employees differently if you wish.
How do I manage the scheme?
Our unique online service means you and your staff can run everything over the internet, quickly changing payments and other details online. Or if you would prefer to speak to someone, our team are available by phone six days a week.
What do I have to do when employees join and leave?
Just let us know whenever someone joins or leaves the company and we'll take care of the administration for you.
When someone leaves your company, they simply take their pension with them and you will have nothing more to do with it.
How much will it cost my company to set up and run?
Like to talk to us?
If you’re interested in exploring a Virgin Stakeholder Pension for your company call us on
08456 10 10 66
Calls may be recorded.
8am to 9pm, Mon to Fri
9am to 6pm, Sat.
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