In July we reported news that analysis from The Pensions Regulator showed that more business start-ups and a lower number of closures mean around 500 thousand more SMEs will have automatic enrolment duties than previously estimated. If this ‘emergency pause’ is put into play then these small and micro employers who are still to stage may well find themselves with more preparation time for their automatic enrolment duties.
Read the full report: Automatic enrolment to workplace pensions .
New essential guide to automatic enrolment 27 November 2015
The Pensions Regulator has launched their new essential guide to automatic which will be sent out to all employers with their 12 month pre staging letter.
The new guide has been designed to complement the personalised step by step guide on TPR’s website.
The booklet is clear and straightforward and helps employers work out whether or not they need to provide a pension, and what steps need to be followed.
The guide will be sent out to all employers with the letter they receive from TPR 12 months before their staging date, but it is also available to download through TPR’s website – The essential guide to automatic enrolment .
Automatic enrolment contribution increases delayed 27 November 2015
The Government will delay the next two scheduled increases in automatic enrolment minimum contribution rates by 6 months each, to align these changes with the start of the tax year.
The Chancellor announced in the Spending Review and Autumn Statement 2015 that the Government is aligning two scheduled increases in the minimum level automatic enrolment contributions with the start of the tax year.
To simplify the administration of automatic enrolment for the smallest employers in particular, the next two phases of minimum contribution rate increases will be aligned to the tax years. Instead of increases taking place in October, they will now occur in April of the following year.
Under the current timetable minimum level contributions are scheduled to rise from 2% to 5% in October 2017, and from 5% to 8% in October 2018. These increases will now take effect in April 2018 and April 2019.
Automatic enrolment Q and A for Business Advisers 30 November 2015
Do you have any questions you’d like to ask about automatic enrolment? Experts from The Pensions Regulator will be online and ready to answer your questions on 1 December.
The Pensions Regulator (TPR) is running another LinkedIn Q&A on Tuesday 1 December at 10am where they will take general questions from business advisers about auto enrolment.
In order to participate, you will need to register to join the regulator’s LinkedIn group prior to the Q&A and post a question the same way as you would start a discussion.
You Tube videos The Regulator has produced a number of short videos to communicate key auto enrolment messages, aimed at business advisers and employers. They are available on TPR’s You Tube Channel.
CIPP Policy News Journal
25/04/2016, Page 337 of 453
Made with FlippingBook - Online magazine maker