Between fines and catch up bills, if you haven’t enrolled your staff yet but should have then you need to get moving. Here’s what you need to know.
Pension Contributions Are Increasing
On April 6th the amount small businesses have to contribute to their employee’s pensions is increasing.
Pensions: Updates to Auto-Enrolment
Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it; this is called ‘automatic enrolment’, or more commonly, ‘auto-enrolment’. If you employ at least one person, then you are an employer and you have certain legal duties in line with this legislation.