You appear to have Javascript disabled. Some of this site's features require Javascript to function.
Feb 12, 2014

Auto-Enrolment – Have you planned for it?

By now you will have come across all sorts of advice for auto-enrolment. We have put together the top 10 tips to help your company prepare for auto-enrolment.

1. Don’t leave anything till the last minute. Plan early to ensure there are no surprises – The Pensions Regulator’s advice is to start planning no later than 18 months beforehand.

2. Check your company’s staging date – if it’s less that 12 months away, you should have received a letter by now.

3. Update and understand your employment contracts – most businesses will need to review contracts and alter pension schemes. You also need to know which employees will need to be considered through auto-enrolment. Ensure all your employee information is up-to-date including contact details, national insurance number etc.

4. Register your scheme/s with The Pensions Regulator – all employers need to register their scheme/s with TPR within four months of the staging date. You will then need to re-register every three years.

5. Check that your payroll software can cope with the changes

6. Communicate with your employees – Consult with your employees so they know what is happening, especially if existing terms and conditions may alter.

7. Re-consider cut-off dates for overtime and commission – payroll will take longer with auto-enrolment.

8. Keep records for six years – employers need to ensure they maintain accurate records and an audit trail of pension and employee communication records.

9. Know your employees – when going through the auto-enrolment process make sure you include those on long-term leave.

10. Make sure you are ready to make the minimum contributions to eligible employees – ensure you have an administration process in place and constantly review your workforce and eligibility.

If this all seems a little overwhelming to you and rings alarm bells. Don’t panic, Northern Star can help you put in place a plan which suits you and your employees and will fully prepare you for auto-enrolment.  Just give us a call on 01706 822 622


Latest News View all news >

Oct 15, 2018
Our 3rd Annual Fund Raiser proved a triumph!
Mar 22, 2018
James Frith MP 'delighted' by our charity evening.

Latest Tweet