Guid­ance avail­able ahead of new work­place pen­sion reg­u­la­tions

The Oban Times - - OUTDOORS - Iain Cairns In­de­pen­dent Fi­nan­cial Ad­viser iain@ar­gyll­fi­nan­ 07775870721

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.

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