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Auto enrolment staging date?

Question asked by Faisal - Dec 26, 2013
Question

I run a business that employs about 40 people. When is my auto enrolment staging date under the new pension law?

response from John Englund
- Dec 26, 2013

Your staging date will depend on the size of your Pay As You Earn (PAYE) tax scheme on 1 April 2012. If you use more than one PAYE scheme, your staging date is based on the total number of people in the largest one that you use. The Pensions Regulator Website offers a staging date calculator that will allow you to determine the exact date at which auto enrolment begins to apply to your company. You may wish to consider getting professional advice from pension plan specialists in order to make sure you’re fully compliant with the new rules.

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