Employers – you need to tell The Pensions Regulator how you have met your automatic enrolment duties – this is called a declaration of compliance.
You need to complete a declaration of compliance within five months of your staging date (or duties start date) to tell The Pensions Regulator how you have met your automatic enrolment duties, whether you had anyone to put into a pension or not.
Employers who declared their compliance late have told The Pensions Regulator that they thought that this task was being done by someone else – either by their pension provider or their business adviser.
Don’t risk a fine – make sure the declaration of compliance is completed and submitted on time. The Pensions Regulator has a checklist to help you.
Taking on a new member of staff? You need to work out if they’ll need to be put into a pension scheme – it’s the law.
The Pensions Regulator carries out spot checks on employers across the UK to make sure they are complying with their workplace pensions duties.
As well as finding out whether new staff members will need to be put into a workplace pension scheme (from the first day they start working for you), you also have other ongoing duties. You’ll need to monitor the ages and the amount you pay your existing staff on an ongoing basis to see if you need to put any of them into a pension scheme, manage requests to leave/join your scheme, as well as keep records of what you’ve done.
The Pensions Regulator has guidance to help you find out what you need to do to meet your ongoing legal duties for automatic enrolment.
Thinking of employing someone for the first time? Don’t ignore the workplace pension.
Taking on staff is an essential part of growing a business. If you are thinking of taking someone on for the first time, there are a number of things to consider, such as deciding how much to pay, checking if someone has the legal right to work in the UK, determining whether you need to register as an employer with HMRC, taking out employer’s liability insurance, and so on.
Getting ready for automatic enrolment is just one of those steps. The Pensions Regulator is responsible for ensuring that all employers comply with workplace pension law – you risk a fine if you do not comply with the law on time.
The Pensions Regulator has guidance and support to help you find out exactly what you’ll need to do and when.