Are you sorted for Pension Auto-Enrolment?

The latest legislation means that every employer is required to automatically enrol their staff if they meet the following criteria:

• are aged between 22 and State Pension age
• earn more than £9,440 a year
• work in the UK
• By law, this means you’ll also have to make a contribution to your employee’s pensions.

There are varying times where you must being to auto-enrol and the staging dates depend on the size of your PAYE as at April 2012.

All businesses with greater than 249 employees must now be actively auto-enroling.

For those with 160-246, the staging date is 1 April 2014, and for those between 90-159, the date is the 1st May 2014.This continues through until 1 February 2018 for employers with fewer employers.