Pensions – Auto Enrolment
The Pensions Act 2008 established new duties that mean you need to provide your workers with access to a workplace pension scheme that meets certain minimum standards. You’ll need to automatically enrol some of your workers and others can ask to join.
The new duties are being introduced gradually and employers have a staging date based on how many workers are on their payroll. By 2018 all employers must have a scheme in place. You need to know when the duties apply to your organisation and which workers you’ll have to enrol.
Most small employers will have a staging date some time in 2017.
If you would like to discuss the basics of auto enrollment please let me know, please note we cannot advise on which pension scheme to set-up.