Auto Enrolment – Get the right plan for your team

If you own or play a leading role in a business with more than one employee then you’re probably already aware of your obligation to provide a workplace pension.  In fact, all eligible employees must be automatically enrolled in a qualifying workplace pension by your organisation’s “staging date”, or your firm could face a stiff penalty.

If you don’t have a scheme set up already, then the most important thing to do is identify that “staging date”.   This date was allocated to your organisation based on the number of staff you had in April 2012 (or according to the firm’s initial date of registration if you had not formed in April 2012).  Once that date is clear, you can develop a timetable to implementation which ensures you meet your obligations.

Some of the things you need to do;

  • Register with The Pensions Regulator (TPR) and provide details of your workforce and pension scheme
  • Automatically enrol eligible employees
  • Arrange membership of a pension scheme for other workers (where applicable)
  • Manage and record opt-outs
  • Automatically enrol opt-outs after 3 years.
  • Keep good records of leavers and their paperwork.

As part of your adherence to the Workplace pensions process you will need to split your employees into three separate categories – eligible job holders, non-eligible job holders and entitled workers.  The group they fall into depends on a combination of two factors – age and annual salary, and you have differing responsibilities towards each of the groups.  Part of your obligation ongoing is to regularly reassess which group employees fall into, and to amend your scheme accordingly.  You must also provide employees with the opportunity to change their choice (opt in or opt out).

As you can tell, this is a complicated area, with a heavy burden on the employer to adhere to a number of key processes.  Here at Active we have been involved in the set up and administration of numerous workplace pensions.  Why not call us for a no obligation chat about how we can help?

Get in Touch

If you would like to find out more about how we can help you, please give us a call or drop us an email.

Phone Us Email Us
Keep up to date

Sign up to our newsletter to keep up with all things Active.

Active Spirit

“Having been a client of Active for many many years and have always been given great advice and direction. I am now looked after by Andrew. He has given excellent advice and service, continuing on the great work this company has always offered me. Always cheerful and helpful; a great asset to Active. I have no problem recommending him to other people.

Karl and Mike’s humanitarian mission to ‘forgotten’ Ukraine

27th February 2024

Our MD, Karl Pemberton signed up as ‘co-pilot’ back in January for local entrepreneur (and good friend) Mike Racz on his mercy-mission to Ukraine. Mike’s (originally solo) mission was launched…

Financial security in retirement tops list of clients’ 2024 concerns

26th February 2024

Regular contact with our clients is very important to us, so we were keen to hear their thoughts and opinions in our first client survey of 2024. Sent to 1085…

Welcoming two new additions to our team

26th February 2024

At Active Chartered Financial Planners we are very happy to announce the appointment of two new members of our growing team. Asif Sadullah, an experienced chartered financial planner has joined…