Every employer has automatic enrolment duties. They need to assess their staff, put them into a workplace pension scheme if they meet certain criteria, write to them to tell them what they have done, and complete and submit a declaration of compliance with The Pensions Regulator (TPR).
To date, more than 8 million people have been automatically enrolled in a workplace pension by more than 600,000 employers. And with hundreds of thousands more employers due to reach their duties start date by February 2018, the number of people automatically enrolled will continue to rise.
However, an employer’s workplace pension duties do not stop with declaring compliance. And with TPR conducting stop checks on employers across the country to make sure they are complying with their duties, it is important you are aware what needs to be done on a regular and ongoing basis to ensure you comply with the law.
What are your ongoing duties?
You will need to pay regular contributions into your chosen pension, monitor the age and earnings of your staff and enrol eligible staff, process any requests to join or leave the scheme, keep and maintain accurate records. You will also need to re-enrol eligible staff into an automatic enrolment pension scheme every three years.
We can take the whole burden of auto enrolment off your shoulders. We offer a fixed fee Auto Enrolment Service as an add-on to our fixed fee Payroll Services. We can take care of the setting up and the ongoing administrative burden, ensuring that your business complies with the new regulations. Contact us on 01366 858538 for more information.