The date the Auto enrolment minimum contributions were due to increase has changed in order to align with the tax year. So now, instead of total minimum contributions increasing from 2% to 5% in October 2017, a delay of six months until April 2018 will be applied. Similarly, the planned increase in contributions in October […] Read more »
Auto Enrolment: What if no staff are eligible?
Many small employers may have employees that are not eligible for automatic enrolment and therefore assume that they do not need to set up a pension. Whilst there is no need to set up a pension if you have staff that are not eligible because they are too young or do not earn enough, those […] Read more »
Auto enrolment: It’s the Law!
I recently read a scary statistic from an auto-enrolment survey which said 1 in 10 SMEs plan to ignore auto-enrolment completely whilst 11% of small business owners are still unaware of what auto-enrolment even is. Please do not let this be you. If you have somehow managed to miss all the national TV and radio […] Read more »
Auto enrolment for Directors?
Since Automatic enrolment will affect many more small employers in the next couple of years, there is some confusion regarding those companies with only one or two directors. We recently spoke to The Pensions Regulator who gave us their clarification on this. The Pensions Regulator will write to ALL employers informing them of their staging […] Read more »
Auto enrolment: Start Planning Now
We can’t stress enough how important it is that you start planning for Auto enrolment now. Your staging date may seem a long way off, if you know it already, but if you leave it too late to think about choosing the right pension for you and your employees, your options will be extremely limited. […] Read more »
First Employer Obligations For Pensions
Don’t be fooled into thinking Auto enrolment is too far away in the future to worry about yet. The first thing an employer should do in preparation for the new employer duties is to find out when their staging date is likely to be. The staging date will be based on the size of your […] Read more »