Automatic Enrolment makes it compulsory for employers to automatically enrol their eligible workers into a pension scheme.
It’s important that you understand what to do and by when, this will depend on your circumstances and those of your staff. To work out what you need to do, when you need to do it and to make sure that you only complete the tasks relevant to you, contact Hornsby Accounts for help.
Each Employer has a staging date, don’t be caught out. Let Hornsby Accounts help you find out your staging date, and prepare for auto enrolment using NEST, a scheme set up by the government to make sure that every employer would have access to a high-quality workplace pension scheme for auto enrolment.
From the date the workers are automatically enrolled they’ll have a month to choose not to join, or ‘opt out’. If they do nothing they’ll be enrolled in the scheme. They’ll make contributions to their retirement pot from their pay for as long as they’re employed or until they take their money out.