Employing staff for the first time?
Find out what you’ll need to do for automatic enrolment if you employ staff for the first time after 1 October 2017.
What is automatic enrolment?
Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension and contribute towards it. This is called ‘automatic enrolment’.
The Pensions Regulator is responsible for ensuring that all employers comply with workplace pension law. It’s important that you understand what you’ll need to do and prepare early.
Does automatic enrolment apply to me?
Whether you’re a hairdresser, an architect or employ a personal care assistant, once you employ at least one person you are an employer and you’ll have certain legal duties.
If you are employing staff for the first time after 1 October 2017, your legal duties for automatic enrolment begin on the day your first member of staff starts work. You should start preparing early for this to work out what you’ll need to do.
If you’ve employed someone since 2 April 2017 or you’re going to employ someone before 30 September 2017, call eSlip Payroll to find out when your duties will start.
If you already employ staff and they were employed by you before 2 April 2017 you should find out what you need to do for automatic enrolment.
How will I know what I’ll need to do?
On the date your duties start you must assess your staff to see if they meet the age and earnings criteria to be put into a pension scheme for automatic enrolment. Any staff who are…
- aged between 22 up to State Pension Age
- and earn over £10,000 per year, or £833 per month or, £192 per week
…must be put into a pension scheme and you must both pay into it. What you need to do will depend on whether you have anyone who needs to be put into a pension scheme or not.