Workplace Pensions Auto-Enrolment

Pensions Auto-Enrolment

Workplace pensions law has changed. Over a period of six years, which started with the largest employers in 2012, every employer will have to automatically enrol their staff into a workplace pension, if they :

·         are aged between 22 and State Pension age

·         earn more than £9,440 a year

·         work in the UK

Your “staging date” is the date the new auto enrolment duties come into force for your business. Staging date bands for smaller companies are shown in the following table - your precise date depends on your PAYE scheme size and reference number:

PAYE scheme size

Staging Dates

50 - 249

1 April 2014 - 1 April 2015 (inclusive)

30 - 49

1 Aug 2015 - 1 October 2015 (inclusive)

Fewer than 30 (rolling basis by PAYE ref numbers)

1 Jun 2015 - 1 April 2017 (inclusive)

Ideally, planning for auto-enrolment should start no later than 12 months ahead of your staging date.

We are able to provide you with all the advice, assistance and support you may require throughout this process. This will include:

·         Auto-enrolment project planning

·         Identifying qualifying personnel

·         Checking your payroll systems

·         Advising on suitable pension schemes

·         Recommending suitable record-keeping processes

·         Ensuring that you are fully compliant on the staging date

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About us

taylorcocks financial services llp is an appointed representative of tpc financial management limited, which is authorised and regulated by the Financial Conduct Authority.