All employers with at least one worker in the UK will need to automatically enrol certain members of their workforce into a pension scheme. As an employer you will need to make a contribution to it and ensure that you meet all of the new requirements to comply with the law (even if you already offer pension arrangements for your workers you will still have some new obligations to meet).
When will this affect me?
The new employer duties will be introduced in stages over six years. Each employer will be allocated a date from when the changes will first apply to them, known as the “staging date”. The first staging date will be in October 2012 and will continue through to 2016. If you’re unsure on your staging date we can help you.
ABC Accounting Services will assist employers to comply with the law
Employers will need to:
Automatically enrol eligible jobholders into a qualifying pension scheme
Provide a qualifying scheme and inform all workers what type of scheme has been chosen
Pay employer contributions for jobholders into the scheme
Tell all eligible jobholders that they have automatically been enrolled and that they have the right to opt-out if they want to do so
Provide workers with certain information about the changes and how they will affect them
Inform non-eligible jobholders and entitled workers that they can opt-in to a qualifying scheme
Register with The Pensions Regulator and give details of your qualifying scheme and the number of people that you have automatically enrolled.
ABC Accounting Services will ensure that the hassle & complex legislation are fully adhered to, taking all the unnecessary pressure away from you & your business.
Please contact ABC Accounting Services today about your company’s pension & auto enrolment to comply with the law & avoid penalties.