Guidance available ahead of new workplace pension regulations
Automatic enrolment means most UK employers will be obliged to put in place a qualifying workplace pension scheme and automatically enrol their qualifying workers. Employers then have to make contributions to their workers’ pensions every pay period. Very large employers were the first to reach their staging date in late 2012. It’s now the turn of small and micro employers. The Pensions Regulator should write to you regularly to confirm your staging date. You can also check ahead of schedule on The Pension Regulator’s website. All you need is your PAYE reference number. Argyll Financial Services have helped many local employers meet their duties under this new regulation. Please don’t hesitate to get in touch to see how we can help your business.