Workplace pensions law has changed and every employer with workers in the UK will be required to help more of their workers save for their retirement.
The new rules apply to more and more companies each month and it is important for employers to be aware when their staging date is and begin to put measures in place to deal with enrolment.
Your staging date is determined by the total number of persons in your largest PAYE scheme.
Even if a staging date is some time away, it could be a factor today in negotiating long-term client arrangements, if those arrangements include fixed rates – will you be able to pass on additional costs to your clients?
In addition, thresholds have increased for 2013/2014. Both the qualifying earnings bands (i.e. bands in between which a % of salary is contributed) and the earnings trigger (the sum an individual has to earn to be automatically enrolled into a pension scheme) have gone up.
Lawspeed can help you with training, advice and support on the auto enrolment legislation and how it applies to your company. Call now on 01273 236 236 or email [email protected]
Adrian, a highly experienced lawyer, founded Lawspeed in 1997. He is responsible for developing our extensive portfolio of products and services, including the widely used Lawspeed contract templates. Adrian is an expert on “recruitment law” and specialises in contracts, regulatory compliance, employment status and dispute handling. He is chair of the trade body the Association of Recruitment Consultancies, the only lawyer lead recruitment trade body in the UK. Adrian and his co-director Ravi devised Standards in Recruitment as a vehicle for helping drive up standards and compliance in the industry.
Adrian is our lead in discussions with the government over regulatory evolution. Apart from assisting with client support, Adrian’s primary role is research and development into methods of business delivery, our latest service Proterms being his most recent project. Adrian heads our IR35 lawyers team.