Small Business need to take note of a recently published Pension Regulator Report

Although small businesses will not be subject to the pensions auto-enrolment requirements until June 2015 at the earliest, they should nevertheless take note of a recently published Pensions Regulator report.

The report highlights key points for employers to consider to ensure they comply with their auto-enrolment duties. It suggests that employers experiencing difficulties in meeting their auto-enrolment duties should contact the Regulator to discuss their situation. In addition, they should test their payroll systems well in advance of their staging date to ensure they are able to fulfil the auto-enrolment requirements.

This checklist explains the obligations that the automatic pension enrolment requirements place on a business.