The law on workplace pensions has changed. Every employer with at least one member of staff now has new duties, which includes putting certain staff into a workplace pension scheme and contributing towards it. Six million workers have already been put into a scheme by the UKs large and medium employers. And it is now the turn of small employers, who have to date enrolled half a million workers – giving them the opportunity to save for their retirement through a workplace pension.
Over the next year, 1095 small businesses in my constituency Stockton North will need to enrol their staff into a workplace pension and make contributions to it.
It doesn’t matter if you’re a shopkeeper, a plumber or if you employ somebody in your home – if you employ at least one person then you’re an employer and will have new duties. Failing to get it right could lead to a fine, so it’s important that every small business understands that automatic enrolment applies to them, what they need to do and by when.
“I’m keen to help small businesses get automatic enrolment right, so I will be holding an event for local employers on Friday 20th January 2017 where you’ll have the chance to find out what you need to do, and by when. I’ll be joined by experts from The Pensions Regulator, so this is a great opportunity to get specialist guidance and support on how to enrol your workers into workplace pensions with ease and ask questions about how this important reform applies to you.”
The details are:
Friday 20th January 2017
Stockton Business Centre, Brunswick Street, Stockton on Tees TS18 1DW
To register for this event, please email your name, company and contact details to Bob Cook firstname.lastname@example.org by 16th January 2017.
Or fill in this form:
Please share this with any of your friends or family who run a small business or employ somebody – or your boss – and make sure everyone who would benefit from the event has the chance to come along. I’m looking as forward to seeing as many of you as possible on 20th January.
Useful link: To find out when your duties start, go to www.tpr.gov.uk/ae-checker