Hopefully by now you are considering the steps you need to take to put your small business’s pension auto enrolment action plan in place. At the very least you should be thinking about how you are going to implement it.
There are a number of other steps you need to take as you move towards auto enrolment.
Pension auto enrolment WILL have an impact on your business, and if you are not acting to fulfil your legal duties for the new legislation you could find yourself being penalised.
To be ready for auto enrolment you need to start planning early. In fact I advise you to start planning now – if you haven’t already begun to do so.
There are a number of factors to consider: the most important of which is – do you know WHEN you need to be ready by?
It is crucial that you are fully prepared which means that you must know your company’s deadline to act – also known as your staging date.
Do you know YOUR staging date?
Your staging date is based on the number of people who were employed in your business in April 2012. And whilst you might know the answer to that, it probably won’t mean much in terms of knowing when your staging date actually is.
Every company in the UK has a fixed staging date. If you don’t know yours, download our free Guide which will tell you how to find out.
If you have any questions about auto enrolment and staging dates, feel free to get in contact.