Auto Enrolment Horley
Business owners in the Horley area, please do not ignore auto enrolment! If you employ one or more workers, you need to set up a workplace pension scheme for them which meets certain criteria, so you need to make sure you’re ready for the new rules.
As a Horley employer you should have already been given details by the Pension Regulator including when you need to have your auto enrolment pension scheme up and running, but if you’re not sure, don’t hesitate to get in touch with the Pensions Regulator to find out when and how it will apply to you.
Your workplace pension will have to meet certain standards, which gives you two main options:
- look at your existing pension arrangements to see if they meet the requirements of your new duties – we can give you expert advice on whether your existing scheme is likely to be compliant
- set up a new workplace pension scheme which meets the criteria and can offer auto enrolment – many businesses are choosing to join the government-backed NEST scheme, but there are other options to consider
If you’re not sure about the best next steps, then contact us at Bookkeeping Synergy today to find out more about how we can help you meet your duties under the new rules.