Are you planning to take on your first member of staff? Make sure you know what you need to do about their pension. It’s the law.
If you are thinking of taking on your first member of staff then, as an employer, you’ll have a number of responsibilities. As well as deciding what to pay them, you’ll also need to assess them from the first day they start working for you to see if you need to put them into a workplace pension scheme. This is called automatic enrolment and is a legal duty.
You should start preparing early to work out what you’ll need to do and when you’ll need to declare your compliance. The Pensions Regulator has produced a short video in their ‘James Explains’ series to help you.
Make sure you’re ready for the minimum contribution levels increase in April 2018
Minimum pension contributions are required to increase over time on set dates. These increases are planned in two phases – 6 April 2018 and then again on 6 April 2019. You will need to work out how these changes will apply to you and your staff, and what you need to do to meet your legal duties.
The Pensions Regulator has online information and guidance that will help you, including template letters to help you explain the increases to your staff.
Are you planning on employing seasonal staff for the Christmas period? Find out what you’ll need to do
In the lead up to the Christmas period, if you are planning on employing seasonal or temporary staff, automatic enrolment will still apply. This includes staff who work for you for a few days, a few weeks or several months.
Make sure you are prepared and know what you need to do.
Employers, are you approaching re-enrolment? TPR has a new online tool to help you get to know your responsibilities
Every three years you must complete your re-enrolment duties. Whether or not you have staff to enrol, you will need to complete a re-declaration of compliance to tell The Pensions Regulator how you have met your duties.
The Pensions Regulator has published a new online tool to help you find your key dates for re-enrolment which will ultimately help you start planning for your re-enrolment duties.