Auto enrolment – Are you ‘all in’?

We have seen again recently that The Pensions Regulator (TPR) is calling for employers to embrace the ‘we’re all in’ mantra.

According to their research, one in five small employers and almost half of micro employers do not know the exact date that they need to comply with the auto enrolment rules.

TPR executive director of auto enrolment Charles Counsell says, “This research demonstrates the bigger picture: employers must prepare and they will be looking for advisers to help them”.

We saw earlier in the year the reports that Dunelm Mills failed to comply with meeting their staging date, enrolling members and making contributions to a pension scheme.

If you are an employer, it is your responsibility to know your staging date and we strongly recommend that you to plan accordingly, and in plenty of time.

Once you know the date that you must automatically enrol your workforce into a pension scheme, you then need to assess your workforce and categorise them in accordance with the guidelines set by TPR.

This is merely one stage and does not cover any payroll requirements, pension scheme reviews or communications to staff. Involving a financial adviser early can assist with planning and meeting your duties.

Armstrong Watson can support you with individual aspects of the project, or the entire process, so if you need help please contact us at one of our 15 offices across the North of England and South of Scotland.

If you like this article and would like our FREE updates sent straight to your inbox then subscribe to our monthly newsletter

Subscribe

Get in touch

To find out more about how we can help you or your business, call us on 0808 144 5575 and speak to a member of our team. Alternatively use our contact form to send us a message or arrange a callback.

CALL 0808 144 5575

or

Contact Us

All content © 2015 Armstrong Watson. All Rights Reserved. Website by Simon Pighills.

Armstrong Watson LLP is a limited liability partnership registered in England and Wales, number OC415608. The registered office is 15 Victoria Place, Carlisle, CA1 1EW where a list of members is kept. Armstrong Watson Accountants, Business & Financial Advisers is a trading style of Armstrong Watson LLP. Armstrong Watson LLP is regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities.

Armstrong Watson Audit Limited is registered to carry on audit work in the UK and Ireland by the Institute of Chartered Accountants in England and Wales. Registered as a limited company in England and Wales No. 8800970. Registered office: 15 Victoria Place, Carlisle, CA1 1EW

Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales No. 7208672. Armstrong Watson Financial Planning & Wealth Management is a trading name of Armstrong Watson Financial Planning Limited. Registered Office: 15 Victoria Place, Carlisle, CA1 1EW