The Pensions Regulator are reminding new employers that they need to sort out their Pension responsibilities before employing staff.
Duties for new employers from 1 October 2017
New Employers have tasks that they must complete in order to comply with their automatic enrolment legal duties, as soon as they their first member of staff is employed.
If you become an employer for the first time on or after 1 October 2017 you will immediately have legal duties for your new member of staff. These duties apply from the first day the first member of staff started working for you. This is known as your ‘duties start date’.
You must comply with their duties straight away.
When you are about to employ a worker for the first time, you need to take certain steps in preparation for taking on staff, such as determining whether you need to register as an employer with HMRC, or taking out liability insurance. Getting ready for automatic enrolment is just one of these steps.
As soon as your new member of staff begins employment, you should be ready to comply with your legal duties. The Pension Regulator will therefore not send out notification of your staging date when your PAYE reference has been set up.
Should you need help and assistance with understanding your obligations please contact David Howard Payroll team.
Information for companies who setup business between October 2016 and September 2017
If you set up your business between October 2016 and June 2017, your staging date will be 01 January 2018.
If you set up your business between July 2017 and September 2017, your staging date will be 01 February 2018.
The Pensions Regulator will send out letters to these employers to inform them of their staging date, what their duties are, and when they will need to complete them by.
For any further information contact the payroll team by completing the form on our website. Alternatively you can call us on 020 8977 3559 at our Hampton Wick office to speak to an adviser.