The law on workplace pensions has changed – all UK businesses, who employ at least one member of staff, must now put a workplace pension scheme in place – and contribute towards it.

 

The auto-enrolment process is highly complex. Firms will need to implement a scheme by a particular date, called their “staging date”, which is determined by their payroll size in 2012. To do this, you need to assess which employees will need to be enrolled in the scheme and this is based on employees’ ages, wages and opt in or opt out choices.

Not sure where you might fit? The Pensions Regulator has created this useful calculator to find your staging date.

 

Email Kiran@kiraconsultancy.co.uk or call 0n 0208 050 3687 for further information

 

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