The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
are already in the pension scheme used for automatic enrolment (a qualifying scheme) are aged 21 or under are at state pension age (SPA) or over are being postponed for automatic enrolment (for example, a new member of staff) If employers have staff to re-enrol, they must be put back into their pension scheme (and start paying into it) within 6 weeks after their re-enrolment date. If there are no staff to re-enrol, a declaration of compliance must still be completed. Step 3 – Write to re-enrolled staff Within six weeks after their re-enrolment date, employers will need to write to each member of staff that has been re- enrolled to tell them they been put them back into the workplace pension scheme. TPR provide letter templates to help with this. Note that your client’s pension provider may be willing to do this on their behalf. Re-declaration is an online form which tells TPR what has been done to meet the re-enrolment duties. This must be completed and submitted within five months of the third anniversary of an employer’s automatic enrolment staging date. Note that some of the information will already be pre-populated from the employer’s original declaration of compliance. If you are helping your clients to meet their duties, it is important that they know that they have a legal duty as an employer to make sure that the re-declaration is completed on time and the information entered is correct. If not, they could be fined. You can complete your client’s re-declaration on their behalf. If you act on behalf of multiple clients, then you can add them to your profile and your details will then be automatically filled in from our records. TPR recommends that the re-declaration is completed and submitted as soon as possible after the re-enrolment date – don’t wait until the last minute, as employers risk a fine if the deadline is missed. Step 4 – Complete a re-declaration of compliance
What employers can expect from The Pensions Regulator
TPR will send employers a series of letters and emails telling them what they need to do and by when. It’s important that their contact details are kept up to date with TPR, in order that notifications and reminders can be sent to the right person. They can update their information by completing TPRs online nomination form, where you can also give your contact details to receive additional communications to help you support your clients.
Supporting resources for business advisers
Business adviser’s guide to re-enrolment Details guidance to re-enrolment Employer’s guide to re-enrolment Checking your client’s staging date
Letter templates
Re-declaration of compliance checklist
Update your contact details
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Scheduled changes to legal minimum auto enrolment contribution rates 3 January 2017
From April 2018, employers will need to make arrangements to ensure that their qualifying pension schemes comply with the increases in the legal minimum contribution rates (known as ’Phasing’).
The Pensions Regulator (TPR) has updated their guidance for pension, payroll and software providers on the contribution increases, with additional guidance for advisers planned for early 2017.
Read the guidance for pension, payroll and software providers.
TPR has also produced a decision tree to help employers decide the actions they need to take.
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
Page 481 of 588
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