Following on from industry research and frequently asked questions, The Pensions Regulator (TPR), has identified a couple of regular queries and would like to highlight useful guidance to help answer these questions. Identifying your workers When assessing your workforce, you must consider all workers, even those who work on a casual basis, or have a ‘main job’ elsewhere. They may still count as your worker for automatic enrolment purposes. This will depend on the exact nature of the working and contractual relationship with you.
Find out more:
Detailed guidance 1 Employer duties and defining the workforce
Postponement Using postponement doesn't change your staging date, but it does allow you to delay automatic enrolment for some or all of your workers for up to three months.
You might want to use postponement where you have: seasonal workers an on-going probationary period for a new starter or to give yourself more time from your staging date to: finalise pension scheme membership test your business software.
Applying postponement is easy – all you need to do is write to the staff and TPR has a letter template you can use.
Find out more: Detailed guidance 3a Postponement
A MILLION WORKERS NOW SAVING FOR RETIREMENT THROUGH AUTOMATIC ENROLMENT
23 July 2013
The Pensions Regulator has confirmed that the millionth worker has been automatically enrolled into a workplace pension. Automatic enrolment was introduced in October last year to ensure workers have access to an occupational pension.
The largest firms in the UK have already enrolled their workers into pension saving, medium- sized firms are starting now, and the smaller businesses will follow in the years to 2018.
Minister for Pensions Steve Webb said:
“Today is a real landmark in this quiet revolution, finally reversing decades of decline in pension saving. This is the biggest change to the pensions system for a century. The money workers save is being matched by contributions from their employers and topped-up by tax relief, helping them put money aside for their retirement, many for the first time. By this time next year, thousands of employers will be automatically enrolling their staff, and by 2018 every employer in the country will have helped their staff start saving for later life.” The landmark one million figure is included in the monthly automatic enrolment registration report published by The Pensions Regulator. All employers have to register their information with the regulator.
CIPP Policy News Journal
16/04/2014, Page 381 of 519
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