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.
You might have guessed but the operative word in these questions is ‘When’ and time is going to be a key factor when getting compliant with Auto-enrolment.
Your staging date can be defined as the day when you, as the employer, need to start making contributions to your staff’s pension. However, there are a number of activities that you’ll need to do in order to make this deadline.
At QuickBooks, we’ve teamed up with The Pensions Regulator’s Andrew Fleming to produce a video that gives you a great summary on the importance of an Autoenrolment timeline, therefore, lessening the hassle that Workplace Pensions will have on your business. Have a look at it below: