Posted by James Pearson on 30 Jun 2014
Auto Enrolment
Auto enrolment began in October 2012 with the largest businesses – those with more than 120,000 staff – starting first. As time goes on, smaller firms will start enrolling staff. Firms with fewer than 50 workers will begin enrolling their staff in June 2015 and all employers will eventually be obliged by law to enrol staff by October 2018, even the smallest employer – such as a plumber employing a full-time assistant.
The Pensions Regulator suggest that employers should start to prepare at least 12 months in advance of their staging date and are providing guidance on what steps employers should take. They have recently published their latest brochure.
The introduction of these changes will increase the administrative burden placed on employers. Tax Innovations are monitoring the requirements to ensure that the software we use has the capability of reducing that burden.
Tax Innovations and Auto Enrolment
Tax Innovations are monitoring the requirements to ensure that the software we use has the capability of reducing that burden.If you are not an existing payroll bureau client please contact us to ask about our service & find out how we can help you through these changes. Email us at customerservice@taxinnovations.com.
See also…
Employer Staging Date for Automatic Enrolment
Pensions – 55% “Death Tax” Abolished
Qualifying Non-UK Pension Schemes (QNUPS)
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