The following Employment Tax guidance note by Tolley provides comprehensive and up to date tax information covering:
This guidance note applies only to pension schemes in England and Wales.
The automatic enrolment regime, established under the Pensions Act 2008, ss 1–99A (Pt 1), imposes a duty on employers to make arrangements for the automatic enrolment of all of their ‘eligible jobholders’ into a ‘qualifying scheme’. Employers are also required to contribute to that scheme on behalf of eligible jobholders.
The obligation to implement automatic enrolment was introduced in stages in a process that began with the largest employers being brought in from 1 October 2012. The date on which an employer must implement the new regime is called its ‘staging date’. Employers were encouraged to consider how they were going to implement automatic enrolment and begin taking steps to prepare for automatic enrolment well in advance of their staging date.
The Pensions Regulator has issued guidance (TPR Guidance) and some interactive tools to help employers understand automatic enrolment and to prepare for it.
To prepare for automatic enrolment, employers should:
For further information on the automatic enrolment regime, see the Automatic enrolment ― overview guidance note.
Employers should identify their staging date, which is the date on which they need to implement automatic enrolment for their workforce. They should
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