Don’t get caught out by the new auto-enrolment law
Under the Pensions Act 2008, every employer is now required to automatically enrol all eligible staff in a pension scheme. By 2018 every business will have to have auto-enrolment in place, irrespective of how few people it employs.
…analysed whether the new regulations will mean an increase to your staff costs?
…budgeted for these cost increases?
…assessed your workforce to determine which employees will need to be auto-enrolled?
…reviewed any existing arrangements and determined whether they’re in line with auto-enrolment legislation?
…assessed alternative options, so that you can be confident you have the right qualifying workplace pension scheme?
…planned and allocated sufficient resources, not only to set up a qualifying workplace pension scheme but to administer it too?
If the answer to any of these questions is yes you may face heavy penalties for non-compliance.
We’re here to help. Following an initial fact-finding exercise we will put you in touch with our partners who will guide your business through the process.