BizSugar.com › Human Resources › Preparing for Pension changes - Solid Bookkeeping, Accounting & Consultancy...

With effect from 1 October 2011, the pension regime in the UK is changing. All employers will not only have to offer access to a pension scheme, they will have to automatically enrol their employees within that scheme and make contributions towards it. Luckily for the smaller employer, the pension auto-enrolment scheme is being phased in which means that businesses with less than 50 employees will have until at least March 2014 and potentially up to February 2016 to prepare. The current timetable for implementation can be accessed via www.pensionsadvisoryservice.org.uk. Businesses will receive correspondence one year before their implementation date...