Pension Changes : Auto-Enrolment
Changes to Workplace Pensions has been much publicised recently.
The new law is only applicable for Company’s with more than 1 Employee.
If your Limited Company employs 2 or more staff you must automatically enroll the workers into a workplace pension scheme and contribute towards it if they:
- are aged between 22 and State Pension age
- earn more than £10,000 a year
- work in the UK
This is called automatic enrolment, you will need to take steps to make sure they’re enrolled. Each employer has a staging date when this has to be completed by and this can be found using the following link and entering your PAYE Reference number.
You will be asked to nominate a contact which should be yourself in the first instance for all communications to be sent.
If you have any further questions regarding this please do not hesitate to contact your contractor accountant.