The Pension Regulator, the body that is responsible for ensuring that all businesses comply with the new workplace pension rules, which are known as ‘auto-enrolment’, released its annual report earlier this month (July 2015).
In this report, it details how the summer of 2017 will see around 350,000 small employers go through the auto-enrolment process, compared to earlier predictions of a peak of around 220,000 in mid-2016.
It seems that a more benign economy is to ‘blame’ for the rise: fewer companies going out of business and more start-ups being registered.
The upshot of the pending auto-enrolment rush is that you need to be thinking ahead. Make sure your business isn’t at the back of the pecking order when it comes to choosing a pension scheme or finding an adviser to help you through the process.
Clayton & Brewill’s pension auto-enrolment pages contain lots of useful information to help you prepare, including:
Clayton & Brewill’s specialist payroll team can help you to work out how best to tackle auto-enrolment and guide you through the steps you need to take.
Clayton & Brewill is a firm of independent chartered accountants, with offices in Nottingham, Long Eaton and Melton Mowbray. We provide audit, tax, accountancy and payroll support to owner managed and family businesses, farmers, GPs and doctors, landlords and lettings agents, and private clients across the East Midlands.