Auto Enrolment is a new minefield for the small and large employer alike. Simply put, you have to set up an approved pension scheme for your employees, assess each employee for eligibility, begin to deduct appropriate pension contributions from your employees pay each pay period, and submit an electronic file to the pension company followed by making a payment of the deducted contributions at the appropriate time.
Your responsibilities begin long before your Staging Date, and you must communicate with your employees throughout the process.
More information can be found in PayrollAbility’s blog, found here:
Call PayrollAbility on 01384 92 90 20 for a no obligation discussion on pensions and auto-enrolment today. We can help you find your staging date, decide which Pension Provider is suitable for your employees, and help you set up your scheme in time for your Staging Date.