IGA News

Automatic Pension Enrolment - Only Have One Employee? You Still Have Legal Duties

Automatic Pension Enrolment - Only Have One Employee? You Still Have Legal Duties

30 August 2016

The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’.

Even if you’re a small business and have only one employee, you still need to complete these new legal duties.

As an employer you will have a unique ‘staging date’ – this is the date your automatic enrolment duties come into effect for you. You can find out when your staging date is here (you’ll need your PAYE reference to find this out).

It’s important that you understand what to do and by when. To work out what you need to do, when you need to do it and to make sure that you only complete the tasks relevant to you, click here to answer the questions in The Pensions Regulator’s ‘Duties Checker’, and get your step-by-step guide to completing automatic enrolment.

You can also find a document library on The Pensions Regulator website to help guide you through the enrolment process, which contains detailed guidance, learning resources and research which you can download and print, and video guidance on their YouTube page.

Remember, automatic enrolment is your legal duty and if you don’t comply you could be fined.

For more information on automatic pension enrolment, visit www.thepensionsregulator.gov.uk, or call our member helpline on 0845 305 4230.