As a small business, you probably know about auto-enrolment and what it means for your organisation. But are you confident in understanding what you need to do first?
How do you know when to select a pension provider?
When do you start assessing the eligibility of your staff (Find out more about eligible staff here)?
When do you start making employee contributions?
Do you need an Auto enrolment timeline?
The operative word here is ‘when’
Time is a key factor in making sure you’re compliant with auto-enrolment.
Your staging date can be defined as the day when you, the employer, need to start making contributions to your staff pensions. However, there are a number of things you’ll need to do in order to make this deadline.
Feel you understand the topic of auto enrolment timelines better? The QuickBooks blog covers a wide range of business-related topics – it’s all part of our mission to help small businesses grow.