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.
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:
To discuss further and to see how this could impact on your business, please contact me.