Workplace pensions have been around for some time and by 1st April 2017, all employers with at least one member of staff will have to enrol eligible staff into a workplace pension scheme and contribute towards it.
Employers must enrol and pay employer’s contributions for all workers who:
are aged between 22 and the State Pension age
earn at least £10,000 a year
work in the UK
It’s important to remember that this will include people working under an apprenticeship. As a general rule, if you are legally obliged to pay the national minimum wage to someone, they are included in the workplace pension rules.
Failure to comply with these rules could lead to enforcement by the Pensions Regulator. Enforcement action starts with statutory notices and is followed by penalty notices. Further non-compliance may result in court action.
It’s important that you recognise what you need to do and by when in order to comply with the specific duties you have as an employer. These duties will depend on a number of factors and there is a useful online 'Duties Checker' tool on the Pensions Regulator website which will guide you through these along with the timescales for compliance.
It’s important that you make yourself familiar with the changes and understand how the new law could impact your company. Further information can be found on the following link http://www.workplacepensions.gov.uk/employer/