These obligations may be implemented through a delegated person within your company, your accountant, payroll manager, adviser or a specialist company. But ultimately you, as the owner, are responsible for making sure that a suitable workplace pension scheme is in place and all your auto enrolment obligations are met.
By law, as an employer (with 1 or more employees), you must automatically enrol all eligible employees into a qualifying workplace pension scheme by the time your staging date arrives. If you already have a pension scheme in place you should check that it qualifies – in many instances current schemes will meet The Pensions Regulator requirements already.
- Managing opt outs
- Offering opt in rights to non-eligible jobholders
- Offering joining rights to entitled workers
- Continuously monitor for changes in
- Keep and maintain records of contributions paid to the pension provider
- Keep records for a minimum of 6 years (the exception are any opt-out notices, which must be kept for 4 years).
– Andrew Steel, Chartered Accountant, William Duncan & Co (UK) Ltd, Glasgow
– Stewart Langston, Director, Tywyn Dental Practice Ltd, Wales
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- Specialists in auto enrolment and workplace pensions
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– Jim Duffy, CEO, Entrepreneurial Spark, Glasgow