Auto-Enrolment applies to both employer and employee. So what does this mean to you as an employer? Well by 2018 you’ll be legally required to enroll eligible job holders into a qualifying pension scheme. Although workers are entitled to opt out once they’re enrolled. You need to join the auto-enrolment initiative by what is known as your staging date. This is predetermined by the Pensions Regulator and is based on a combination of the number of employees in April 2012 and your PAYE reference number. Although there’s nothing stopping you from starting sooner if you wish. You can find out your staging date by visiting the pension regulators website. A link to their website can be found at the end of this video. What you contribute various from employee to employee. But don’t worry we can advise you accordingly. The process is designed so that by October 2018 the total contributions from the employer, the employee and tax relief from the government will total 8%. At Watson Buckle we are happy to sit with you and advise you and your business through auto-enrolment. Simply give us a call to make an appointment so we can guide you in the right direction. Watson Buckle, reviewing your finances and providing you options.