Many pension providers are closing their doors to non and existing clients because they are leaving the auto enrolment decisions just too late!
Don’t get caught out and use our workplace pension checklist to be prepared.
It’s simple – be prepared 6 months in advance of your staging date.
What is your staging date? _______/______/________
The date 6 months prior to your staging date is ______/______/________ Project milestone!
Before this date (project milestone) you should:-
- Have received in writing confirmation from your pension provider that your intended pension product is auto enrolment compatible
- Have set up your auto enrolment pension provision (NEST or other pension provider)
- Have set up and tested your auto enrolment payroll module
- Have confirmed fee increases for workplace pension provision with your accountant
- Have confirmed fee increases for auto enrolment provision with your payroll provider
- Have trained your in-house payroll staff, agreed processes and expanded their role
Further auto enrolment guidance is available in the following articles.
Auto enrolment check list for employers – A quick guide
Auto enrolment lore – 5 myths revealed
Auto enrolment payroll providers – 6 questions to ask
Auto enrolment responsibilities – your payroll provider’s role
Is your payroll ready for the auto enrolment hurdle
Pension auto enrolment – will it break my business?
Workplace pensions – Hang around at the NEST bottleneck
Should you require any further help regarding your workplace pension project then do give us a call on 0117 9328145.
Tracy
