Auto Enrolment in January 2016

16 November 2015 Jemma Jenkinson View all News

Auto Enrolment is now well underway and a significant number of small and medium sized employers are due to stage onto Auto Enrolment at varying points during 2016.

Whenever your staging date falls, it’s important to prepare in advance and make sure your payroll system is set up with your pension scheme information, because in the majority of cases you will need to carry out the first assessment for Auto Enrolment purposes in the month before the staging date.

This is because all staging dates fall on the 1st of the month.  Payroll tax months run from the 6th of a month to the 5th of the next month and Auto Enrolment requires employers to carry out their first assessment in the month that contains their staging date. So, for companies with a staging date of 1 January 2016, your first assessment will probably need to be carried out in December’s payroll run.

This time of the year can already be extremely busy for payroll departments, as you may have to bring forward the date you would usually run your payroll process due to the Christmas holiday season.    If applicable, remembering to assess your December payroll (if paid monthly, or if paid weekly, whichever payroll run contains the 1st of January) will save you having to redo when you come to process January’s pay.

We have dealt with many companies who have reached their staging date, and are well placed to advise you through the process.  Those who fail to comply with Auto Enrolment legislation risk potential fines, which are becoming ever more frequent as we move to the small and medium sized companies’ staging dates.   

If you require assistance with any element of your Auto Enrolment, or queries relating to your payroll, then please contact us for more details.

Tax-Saving Tips for Individuals and businesses

Written especially for entrepreneurs and owner-managed businesses, this guide is full of planning ideas and tax risks to avoid.

If you're looking for ways to reduce your liability, claim your copy and start planning how you could pay less tax.

Download Now
COMPLETE THE FORM AND A SPECIALIST WILL BE IN TOUCH

Free Consultation

Simply complete the form and one of our team of specialists will be in touch within one working day.

Begin your journey with us today

Drop us a line today to see how we can help your business thrive
GET IN TOUCH