Automatic enrolment: are you ready?February 5, 2015 // No Comments
Automatic enrolment applies to every employer with at least one member of staff in the UK.
Research from The Pensions Regulator has revealed that nearly 50% of employers who thought they would be ready by their staging date found that they were underprepared and had a last minute rush to get finished. It can take up to 12 months to prepare for automatic enrolment, so start in good time and find out the date that the law applies to you. Visit the website with your PAYE reference to find out your date.
Automatic enrolment is automatic for your staff – they don’t have to do anything to be enrolled in your pension scheme. But it’s not automatic for you as an employer. You can read a step by step guide at the Pensions Regulator website.