Another staging date has passed and the next is fast approaching, but are you unsure of what you need to do? Have you missed your pension staging date?, don’t know when your staging date is? or aren’t sure?. Don’t panic! Check your date HERE then read on for an overview of everything you need to know.
If you know that you have definitely missed your staging date for auto-enrolment then you will need to notify The Pensions Regulator immediately so they can advise you on what your next steps are. Things to remember:
When selecting your pension provider you will want to choose a platform that fits with your needs, but you need to take into consideration other factors too such as initial upfront fees, on-going annual costs and cost to employees.
If you have signed up late, you will need to cover the costs of the company’s backdated contributions and possibly your employee contributions too, depending on how late you are.
Make sure that your payroll is compatible with your chosen pension provider, you don’t need to make more work for yourself each month.
Employees must be kept up to date with any changes that are taking place, how auto-enrolment affects them and be clear with what their options are.
If you’re still in doubt, or need more advice, download the HR Revolution Guide to Pensions and auto-enrolment it’s FREE and can save you money!
So here are the Key Facts:
Know Your Staging Date
This is the first port of call, so act now to ensure you are ready! Click HERE
Select Your Pension Provider
HR Revolution partner with payroll and pension providers and would love to put you in touch. Our Free guide will talk you through everything you need to know, then when you are ready get in touch firstname.lastname@example.org or click HERE