20 October 2017 – Auto enrolment changes
It’s now five years since auto-enrolment began – since when over 8.5 million people have been enrolled, many of whom will never have had a pension before.
If you’re employing staff for the first time you now need to offer a pension scheme from day one.
In the past employers were given a ‘staging date’. This gave new employers time to investigate their auto enrolment duties in advance. Workplace pension duties now commence from day one of employing a member of staff.
Some employers will still have future staging dates but they will all have to have a scheme in place by mid 2018.
If you are about to employ someone for the first time you will need to consider:
- registering as an employer with HMRC
- taking out liability insurance
- preparing for auto-enrolment
For auto-enrolment you will need to:
- choose a pension scheme – or check your existing one
- work out who to put into a pension scheme
- write to your staff and
- declare your compliance
As well as our payroll services we offer support with auto-enrolment and help employers comply with their pension duties and associated administration. For further information please contact us.