Helping you get to grips with auto-enrolment
Workplace pensions are undergoing a revolution. Automatic enrolment has not only changed the UK pensions landscape, it has also placed new obligations on employers. If you run a company with one or more employees, auto-enrolment will affect you and you should be aware of these changes. So what do you need to do? Under the new legislation, every employee will be entitled to save into a qualifying workplace pension. As their employer, you will be responsible for organising a suitable scheme that meets certain key criteria. It is important to allow plenty of time to prepare for auto-enrolment. The Pensions Regulator suggests employers allow at least 12 months be- fore their “staging date”. You can find out your company’s staging date by entering your PAYE reference into the staging date tool on the Pensions Regulator’s website at http://www.thepensionsregulator.gov.uk/. Auto-enrolment presents new challenges for British companies. You need to make the right decisions, not only for your employees, but also for your business. Argyll Financial Services can help you to understand your company’s move to auto-enrolment, ensuring a smooth transition and a positive outcome for you and your employees. If you have any questions on auto-enrolment or would like to know more about how we can assist you and your employees, please do get in touch.