Portia 300dpi

Last week’s blog contained your Auto Enrolment checklist – it’s here, if you missed it. We’ll be looking at each step in more detail over the next few weeks, so that you know exactly what to do and how to do it. Keep an eye out for our little pink pig, Portia, who will appear on all of our Auto Enrolment posts.

Every employer now has new responsibilities, including enrolling those who meet certain criteria into a workplace pension scheme and contributing towards it. This is called Automatic Enrolment.

Whether you have an existing pension scheme or not, you must comply with the government’s pension reform regulations. The Pensions Regulator has the power to inspect your records, interview your employees and issue statutory notices requiring you as an employer to fulfil certain duties, with large fines for non-compliance.

Today, we’re looking at step one of the AE process – Know your staging date.

You should have received a letter from The Pensions Regulator, headed “Act now: the law on workplace pensions has changed”. You can see your staging date at the top right corner of this letter.

If you have misplaced your letter, or didn’t receive one, you can check your staging date by following this link:

You will need your PAYE reference. Enter this in the box provided, complete the box below and Click on “Show my staging date”. You will see your staging date on the next screen.

So, now you know exactly how much time you have available to get your pension scheme set up and ready to go. Next time, we’ll be looking at Step Two – Providing a point of contact.

Remember, keep an eye out for Portia in the next few days, for the first step of the Auto Enrolment process.

If you need any help with Auto Enrolment right now, email us at info@danielsaccountancy.com or call us on 020 3178 8394. We will be delighted to help.

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