PENSION RE-ENROLMENT – Do you know the facts?

Posted On: 29th March 2017

Dont Ignore the Workplace Pension

Every three years certain members of staff must be put back into an automatic enrolment pension scheme. This is called ‘re-enrolment’ and as an employer there are certain steps you need to take to ensure you are compliant.

In brief – What you need to do as an employer:
  1. Choose your re-enrolment date. NB If you enrolled your staff in 2014, your re-enrolment date will be 2017.
  2. Assess your staff – on your re-enrolment date you will need to assess your staff and work out if they need to be put back into your workplace pension scheme.
  3. Within 6 weeks after their re-enrolment date, as an employer, you need to write to each member of staff that has been re-enrolled to tell them they have been put back into the workplace pension scheme.
  4. Complete the online re-declaration form (which tells the Pensions Regulator (TPR) that you have met the re-enrolment duties). If this is not done within the specified time then you could be fined.
What you can expect as an employer from the Pensions Regulator (TPR)

The TPR will send you as the employer a number of letters and emails telling you what you need to do and by when.

It is important that you keep your contact details up-to-date with the TPR so that any notifications or reminders are sent to the right person within your business. You can update your company information by filling out the TPR’s online nomination form.

If all the above seems too onerous to you then why not get in touch with Absolute Works and we will deal with the whole process for you, leaving you to build your business.  Call us today on 01926 748040 and speak to a member of our team.

 

This article written by Angela Bell of the Pensions Regulator provides more detailed information on the above