AUTO ENROLMENT STAGING DATES

The law on workplace pensions has changed. All employers are legally required to automatically enrol staff into a pension scheme and make contributions if they are; aged between 22 and the State Pension age, earn more than £10,000 a year and work in the UK.

Staging dates for companies with 1-2999 employees are detailed below:

Auto enrolment will be phased in over 5 ½ years with the largest employers leading the way with the first staging date on 1 October 2012, followed by medium-sized employers and lastly small and micro employers. The size of an employer’s largest PAYE scheme will determine at what point the new duties affect their organisation. The Pensions Regulator will write out to employers 18 months before their auto enrolment staging date. 

Auto enrolment will be phased in over 5 ½ years with the largest employers leading the way with the first staging date on 1 October 2012, followed by medium-sized employers and lastly small and micro employers. The size of an employer’s largest PAYE scheme will determine at what point the new duties affect their organisation. The Pensions Regulator will write out to employers 18 months before their auto enrolment staging date. 

PSC has developed a variety of solutions to offer to clients. These include providing reports to assist with auto-enrolment obligations or actually enrolling employees into a qualifying pension scheme. Our payrollers are well versed in the payroll aspects of AE, so clients can discuss their responsibilities along side their pension supplier, financial advisor and/ or the Pensions Regulator to ensure that their plans meet their organisation's legal requirements.