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Workplace Pension Schemes

There is currently no requirement for employers to provide a pension scheme for their employees, or to make pension contributions on their behalf. But between 2012 and 2016 this is all going to change, and even employers with just one or two employees will find themselves subject to the new workplace pension scheme requirements which will operate on the basis of automatic enrolment.
 
 
Staging dates
Each employer will be allocated a staging date from when they will be required to comply with the new pension regulations, with dates being based on the number of employees in the employer’s PAYE scheme as at 1 April 2012. Staging dates will be as follows:
  • More than 50 employees - between October 2012 and July 2014.
  • 1 to 49 employees - between August 2014 and February 2016.
  • New employers commencing after 1 April 2012 - between March and September 2016.
 
To discuss further and to see how this could impact on your business, please contact me.
 
 

23 Comments to Workplace Pension Schemes:

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Atlanta Plumber on 19 September 2012 16:25
Good enough feedback! I am happy to know sounds though I still don't be shy to hear currently no requirement for employers to provide a pension scheme for their employees. I guess it may possibly start in someday!
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Contractor Accountants UK on 11 July 2013 10:32
I agree with you with this great news that the pension scheme again starts for the people. This would be a happiest thing for them.


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There is currently no requirement for employers to provide a pension scheme for their employees, or to make pension contributions on their behalf.
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Every employee in any type of workplace should know the short-term and long-range goals of the business.Thanks a lot and keep sharing such useful information.
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Roger on 28 September 2013 15:37
Pension process is a nice way to honor a employee for long time, as the works and honors he/she achieved for the company that employee worked for. I hope pension scheme will start someday soon.
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