If you’re an employer you should hopefully by
now have heard all about workplace pensions (auto enrolment) particularly as
you have a legal requirement to provide, manage and contribute to a pension
scheme for all eligible staff working within your business.
But don’t panic, it’s not as daunting as it
seems as long as you act now and start preparing.
A few tips:
·
Make sure you know your ‘Staging
Date’ – this is the date on which auto enrolment goes live for your business.
·
Determine which employees in your
practice are eligible to join the scheme.
·
Communicate early with your staff
and start to tell them as much as you can about auto enrolment beforehand.
·
Get the right advice – a crucial
factor in getting it right!
·
Put in place your plans as early as
possible and benefit from cost savings.
If you want to find out more you can have a
read of our FREE Workplace Pensions
FAQs click here.
And it’s worth noting - auto enrolment is a
legal requirement and the Pension Regulator is quick to issue £400 wake-up call
fines for non-compliance – this is before big daily fines kick in for any
employer who hasn’t got their scheme up and running by the required deadline (staging date).
Finally, getting good advice from the outset is critical. We’ve already spoken to many business owners who
have ended up short of time to enrol due to either attempting the DIY route or
being under the impression their accountant or payroll provider was dealing
with it. Don’t make that mistake!
For a limited time
you can reserve your enrolment place for FREE. To be eligible for
this limited time offer your Staging Date must be after October 2015. Space for
100 businesses only. Registration deadline is 30 June 2015 - register today
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