Auto Enrolment – Pension obligations for UK employers
On 1 October 2012 the auto-enrolment of pension contributions will begin to take effect. This will be phased in, beginning with the largest employers (250 + employees), over a 5 year period.
For small employers with less than 50 staff your staging date is now from one year later than planned,in May 2015 instead of April 2014. The percentage rates are also being staged in. Need help ? Please feel free to call us Tel 0808 234 0504 or ++353 41 686 3000 or send your e-mail tohttps://www.paycheckplus.ie/pcpie16/contact-us/
Your employer duties relating to automatic enrolment is that you are required by law to provide in writing – the right information, to the right individual, at the right time.
For some useful infomation and an employer letter template tool from The Pensions Regulator. The Pensions minister is confident that auto enrolment will reverse the 15% slump in pension savings since 2007.
If you would like us to take care of your UK Payroll requirements including the AutoEnrolment requirements, contact us today for a quote. Our Team of qualified and experienced Payroll personnel will add value to your business and enable you concentrate on your business while we take care of your UK Payroll and obligations to employees.