You’ll have noticed a lot of talk about changes to workplace pensions over the past few years. And you’ll also be aware that ‘auto-enrolment’ – the compulsory provision of a workplace pension for your staff – was on its way.
But what does auto-enrolment mean for you?
The big corporate-sized businesses are already meeting this auto-enrolment requirement, and most smaller UK businesses (yours included) will need to have an auto-enrolment pension scheme up and running in the very near future – your staging date can be found out here by entering your PAYE reference.
So, with time slipping away, now is the time to assess how auto-enrolment will impact on your business.
It’s by no means a simple task – setting up the right systems, admin and payroll software is a big job. And that means acting fast to avoid being caught out by workplace pensions.