Will I be affected - Automatic Enrolment?

31st July 2015

Will I be affected - Automatic Enrolment?

Over the past few months many business owners will have received a letter from The Pensions Regulator urging them to “ACT NOW: you have new automatic enrolment legal duties”.

The letter explains to the business owner how the law has changed on workplace pensions and that every employer with at least one employee, must automatically enrol them, providing they are eligible, into a workplace pension scheme and provide a “staging date” for when they must have a scheme in place.

If your “staging date” has not yet been reached, the only action that The Pensions Regulator requires at this point, is for the business owner to nominate a main contact for future communications.

It appears that this letter is being sent to any business with a registered PAYE scheme and this has created confusion for those that don’t have any employees.

The Pensions Regulator does not appear to be  checking which of these businesses are ‘director only’ for whom the auto enrolment rules may not apply.

There are a number of reasons why auto enrolment may not apply which are:

  • you’re a sole director company, with no other staff
  • your company has a number of directors, none of whom has an employment contract
  • your company has a number of directors, only one of whom has an employment contract
  • your company has ceased trading
  • your company has gone into liquidation
  • your company has been dissolved

If you feel that you meet one of the above criteria and therefore auto enrolment does not apply to you, you must contact The Pensions Regulator and advise them of this order to be excluded from any legal responsibilities.

 

If you are uncertain of your position and would like professional advice, please contact Plus Accounting on 01273 701200 or by email at info@plusaccounting.co.uk

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