Auto Enrolment: a requirement, not an option

Auto Enrolment is now fully underway, and many companies have already reached their staging date. For those companies who are now approaching their staging date, these are some of the points they should consider: 

• When exactly is the Staging Date?
• Have you chosen a pension scheme yet?
• What software are you going to use to automate the process? Will this integrate effectively with your existing payroll software?
• Have you put into place effective communication to let your staff know exactly how Auto Enrolment will affect them?
• Have you considered the benefits of using professionals to help you with Automatic Enrolment?  Shorts can smoothly manage your Auto Enrolment procedure to sure that you comply with legislation and avoid penalties.
• Are you going to use postponement? There are circumstances where you might look to postpone the process of Auto Enrolment but you should take advice to ensure these rules are followed correctly.

Auto Enrolment isn’t a choice. It is legislation to provide your employees with a qualifying scheme pension once the company has reached the Staging Date based on each employees eligibility.

Providing adequate time to ensure the best scheme is set up for the company is essential and should not be left until the last minute.

Shorts have dealt with many companies who have already reached their staging date, and are able to advise you through the process.  Those who fail to comply with Auto Enrolment legislation risk potential fines which are becoming ever more frequent.   If you require assistance with any element of your Auto Enrolment, or queries relating to your payroll, then please contact us for more details.