Pension auto-enrolment - are you ready?
Since October 2012 companies have been required to start enrolling their employees into an eligible pension scheme. The largest companies have been required to act first but now it's getting closer to the time that the majority of the industry will have to act.
The following table outlines the staging dates that are coming up for smaller companies:
|
Number of Employees |
Staging Date |
|
160 to 249 |
1 April 2014 |
|
90 to 159 |
1 May 2014 |
|
62 to 89 |
1 July 2014 |
|
61 |
1 August 2014 |
|
60 |
1 November 2014 |
|
59 |
1 January 2015 |
|
58 |
1 February 2015 |
|
54 to 57 |
1 March 2015 |
|
50 to 53 |
1 April 2015 |
You will need to give yourself plenty of time to plan for your staging date, and to help you, BOSS has teamed up with pension specialists, Meridan, who have many years experience dealing with workplace pension schemes.
If you're concerned you won't be ready in time or just need to understand your obligations, contact Meridan Financial LLP on 0800 132100 who will talk you through the requirements and ensure you don't miss the deadline.