Payroll & Auto Enrolment – All In One

Do you know your staging date?

The importance of knowing your staging date.

Auto enrolment began in 2012, we are now in the second quarter of 2015, if you are an employer and you still do not understand Auto enrolment, then believe it or not you are in deep trouble.

There are many steps you as an employer need to take in order to ensure complete compliance to the new Auto enrolment legislation. If you have even a single employee earning more than £10,000 a year and who is aged between 22 and the national pension age then auto enrolment applies to you.

As an employer the very first and most important step you need to take is to make sure you know your Staging Date.

Simply put, your staging date is when you have to start making pension contributions for your employees. But you must understand that you need to start preparing at least 12 months before your staging date. There are many other things you need to take into consideration in order to be compliant with the new legislation.

Good news is, you can work out your staging date online and it only takes a minute. Click here to do it online.

Larger employers have their staging dates sooner than smaller ones, Dunelm missed their staging date therefore incurred huge penalties. The Pensions Regulator has also issued hundreds of penalty notices to other employers who also missed their staging dates or made errors in their application.

If you need any help with Auto enrolment, then be rest assured that Ontime has plenty of experience in payroll and thus we are able to help you comply without any hassle!

Give us a call today on 0113 8267260.

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