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Pensions – Auto Enrolment
The Government has confirmed that automatic enrolment for pensions will begin on time in autumn 2012, but small businesses will be given additional time to prepare for the implementation. The timetable will be adjusted so that no small employers are affected by the reforms before the end of this Parliament.

The rate of mandatory pension contributions will remain unchanged until all businesses have started automatic enrolment and this will benefit all employers. Under the revised timeline, small business would begin automatically enrolling their staff in May 2015, instead of the current timing of April 2014. Half of all workers will still be automatically enrolled before the end of this Parliament.

A revised schedule will be published by the Pensions Advisory Service in due course. We’ll let you know when it is updated so that you can plan accordingly.
Posted on 19 Nov 2016

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