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Uber drivers: auto-enrolment pension eligibility

Tom McPhail | 28 October 2016 | A A A

You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.

No recommendation

You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.

Media contact:

Tom McPhail

Head of retirement policy

Direct Line: 0117 988 9949

Mobile: 07957273627

E-mail: tom.mcphail@hl.co.uk

Today’s tribunal ruling which has determined that the UK’s tens of thousands of Uber drivers are employed, means they will not only be eligible for minimum wage and holiday pay, they are also going to eligible for auto-enrolment into a workplace pension.

Tom McPhail, Head of retirement policy:

"This is great news for anyone working in the gig economy as it means they are more likely to be eligible for a workplace pension, with all the attendant benefits and in particular the highly valuable employer contribution. It is also going to be a challenge for Uber and employers like them, in deciding what specific pension terms they want to offer their employees. They have some latitude on earnings definitions and deferral periods but however they deal with this, it is going to cost them time and money."

NOTES TO EDITORS

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You’re about to read press releases, which we’ve written for media use only. They’re not intended for individual investors. They’re not personal advice and don’t include any recommendations.