The Department for Work and Pensions (DWP) has published a revised timetable to reflect the new date by which smaller employers will be subject to the auto-enrolment duties.
According to the new timetable, auto-enrolment will apply for everyone by February 2018.This follows a Government announcement in November 2011 that businesses would be given more time to prepare for automatic enrolment to help them out in ‘exceptionally tough economic times’. Prior to the most recent timetable, completion of auto-enrolment was supposed to happen by October 2017, before that by 2016, and before that by 2015! Will these new dates finally stick?
There is no change in the staging dates for larger employers (those with 250 or more people in their PAYE scheme), who will be subject to their auto-enrolment duties between October this year and February 2014. However, the staging dates have been pushed back for those with 250 members or less in their PAYE scheme, and all new employers.
The level of pension contributions will be phased in over time to help employers and individuals adjust. Full contributions will have to be paid from 1 October 2018.
The table below sets out the revised auto-enrolment dates: