Pensions automatic enrolment (known as Auto Enrolment) is a government initiative to help more people save for retirement. By 2018 all businesses will have to comply with the regulations and enrol eligible employees into workplace pension schemes.
Automatic enrolment of employees into workplace pension schemes is now well underway. Between May 2015 and 2018, every UK employer will be brought on board, with employee and employer contributions being paid.
The date you will need to start auto enrolment for your business is known as your staging date. There is a lot to do – so in order that employers meet their requirements for auto-enrolment, they should start planning now.
We can help your business prepare for auto enrolment compliance, providing help and guidance throughout the whole process; from helping you assess the cost for your company and providing assistance in setting up your pension arrangements, to managing your payroll function so that you are fully auto enrolment compliant.
So don’t delay – start your preparation at least 9 to 12 months before your staging date.
Contact us to find out how we can help.