No matter what size your business is, auto enrolment is likely to have had some kind of impact. By planning ahead can you have access to more resources, support and possibly even the best terms.
Early 2018 saw changes to Workplace Pensions meaning that employers must now enrol all staff into a workplace pension and pay into this as well. Staff not wanting to do this can ‘opt-out’. There is a ‘staging date’ set, which is simply the date by which employers must comply with these changes, based on the number of employees in their business from 1st April 2012.
Individuals unsure of this date are advised to find this out through The Pensions Regulator website. If you would like to learn more about the requirements of auto enrolment, and would like to check that you are fully compliant with the latest legislation, contact Sage Wealth Management today who can advise on all aspects of corporate pensions.