WORKPLACE PENSIONS

WORKPLACE PENSIONS

It is now a legal requirement for all employers to automatically enrol their eligible employees into a 'qualifying' workplace pension scheme.

The first 'staging date' for automatic enrolment was October 2012 for employers with more than 120,000 workers, and employers with over 10,000 workers had to enrol their employees in to a workplace pension scheme by March 2013.

Employers who have less than 10,000 but more than 50 had various staging dates between April 2013 and April 2015.

Since November 2015 employers with fewer than 30 eligible workers started staging and all employers, no matter how small, will have to enrol their eligible workers in to a workplace pension scheme by April 2017 (or by February 2018 for new employers set up after the relevant staging date).

Even if you have already staged successfully it is important to carry out regular assessments of suitability and re-enrolment occurs every 3 years. Therefore, you may now be at the stage where you require help and advice on what you need to do next and whether the scheme you originally staged with continues to be suitable and provide for the needs of your employees.

For enquiries about wealth management

CALL US — 01223 211 122

or

email enquiries@dartingtonwealth.co.uk

for enquiries about workplace pensions and other workplace benefits

CALL US — 01223 275 172

or

email enquiries@dartingtonbenefits.co.uk

Financial Services

for business owners, company directors and HR professionals.