8 Things you must
know to be ready
for auto enrolment

Don’t get left behind

At AccountingWEB we’re concerned that small businesses and accountants are not being made sufficiently aware of the existence or implications of workplace pensions.

Over the next few years nearly a million businesses will be compelled to offer their staff a work place pension.

Because of the scale of the operation support through this process will be at a significant premium. Delaying preparation therefore leaves your clients open to significant risks including:

Our research suggests that the vast majority of small businesses and accountants are not aware of the obligations facing them.

As a result AccountingWEB has launched the ‘No-one gets left behind’ campaign to alert as many accountants as possible to the obligations implied by auto enrolment.

Our aim is to make sure that businesses are not put in jeopardy due to unsustainable pressure to meet deadlines.

We have produced a simple eight point statement which sets out the bare facts that you need to know. All we ask is that you share this as widely as possible with colleagues, friends and associates.

Thank you for your support

  1. Every employer in the UK will be affected by auto enrolment
    Even those paying a salary to a spouse will need to consider their situation.
  2. Employers with NO-ONE in the pension scheme do not escape
    They will still need to perform many administrative tasks each and every pay reference period.
  3. Employers will need to keep records for up to 6 years
    Again irrespective if no-one enrols in the pension scheme.
  4. Employers have a pre-set deadline to get ready by
    The deadline dates (staging dates) are based upon number of employees in April 2012.
  5. Every employer must already be compliant by their staging date
    This can include having in place a fully compliant pension scheme, ready to accept employees.
  6. There is a lot of work required prior to staging dates
    Preparing for staging will require a significant amount of time and resource and it is recommended that employers begin at least 6 to 9 months prior to their staging date.
  7. Staging preparation will affect the employer for years to come
    Employers should start well in advance of their staging date, to make well informed decisions, as their decisions and actions will have lasting impact on the business and employees.
  8. Hefty fines or even prison could be a consequence
    The pensions regulator can inspect any aspect of the pension compliance process. It can fine and even imprison directors in cases of persistent non-compliance.

12742

number of accountants aware of
auto enrolment due to our campaign

(And we’ve only just started!)

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