When do my new duties start?
As an employer your business has been allocated a staging date by the government, which you can find out from the Pensions Regulator. This is the date the new duties come into force for your business.
All employers will need to comply, but the new duties are being introduced gradually. Large employers, based on the size of their largest PAYE group, are affected first, with medium and smaller employer duties starting later. Automatic enrolment will include every UK employer by 2018.
It's important to note that one part of the new duties came into force in July 2012 for all employers regardless of size. The new rules prohibit employers from inducing or offering incentives to their staff or prospective employees to abandon retirement saving. This applies to both existing workers and potential new recruits - for example making a job offer or higher salary conditional on not joining the employer’s automatic enrolment scheme.
The Pensions Regulator will write to you about Automatic Enrolment 12 months before your staging date.
Automatic Enrolment will mean some initial and ongoing changes for your business. You'll need to allow 12-18 months to prepare for the changes, and you may wish to bring in professional help to ensure you meet your duties.
For more information read our booklet ‘Automatic Enrolment - Are you ready?’