AUTO ENROLMENT PENSION
As of 1 October 2012 the government introduced Auto-Enrolment. Auto-Enrolment is a way of making sure all eligible employees automatically become members of a qualifying pension scheme.
Each company in the UK will have to make sure their approach to pensions meets the new legislation. If your organisation already has a pension scheme, changes might have to be made to comply with the new legislation. If you don’t have a pension scheme in place then you will need to set one up.
3R have the experience and knowledge to help guide your business or organisation through the process of Auto- Enrolment. By getting in touch with us now we can establish your staging date and put a plan in place that will ensure you meet all the legal requirements within the time frames set out by the legislation. By planning now we can ensure that you meet your legal obligations in a financially efficient manner that benefits your company and your employees.
Auto Enrolment is mandatory. Please note, eligible employers that do not comply with the new legislation can be issued with a fixed penalty and escalating daily penalties that are set at a level to fine an employer the cash flow benefit they are getting by not complying.
To find out your staging date and how 3R can help you, get in touch with us now.