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Workplace Pensions and Auto Enrolment

What is automatic enrolment?

The law on workplace pensions has changed. Every employer is now expected to offer a workplace pension scheme to their employees and will have to contribute towards it.

Enrolment onto the pension scheme is automatic for your staff – they don’t have to do anything to be enrolled into your pension scheme, as long as they meet the specified criteria. As an employer you need to take steps to make sure they’re enrolled.

When will the change in law affect me?

The date by which you need to comply will be different for each employer, and is called your staging date. You can find out your staging date with the Pensions Regulator staging date tool.

What do I need to do and by when?

As an employer, it is your responsibility to complete the set up of the pension scheme for your employees. There are a number of tasks that need to be completed before your staging date, so it is important that you know when yours is so that you can deal with the necessary in plenty of time.

At the Nationwide Payroll Company, we are fully equipped to make the pension deductions on your behalf, and provide any reports that you require to pass on to your chosen pension provider.

Full details on workplace pensions, and how they will affect you, can be found on the Pension Regulator website.

 

 

 

 

 

 

 

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