AE: all the world's a staging date
Compulsory pensions moved one big step closer last month. The Department for Work and Pensions has finalised the timetable for staging dates in new regulations. These respond to concerns that smaller employers should be given more time to prepare for auto-enrolment. In a separate update we also report on employment protection measures which are now live.
In more detail
The Government has passed legislation revising the implementation timetable for auto-enrolment to ease the regulatory burden on small employers and give them more preparation time.
In addition, the new regulations create a new definition of small employers, meaning employers with less than 50 workers as at 1 April 2012 which are part of one or more PAYE scheme in which there are more than 50 employees at that date. A new option has been introduced for these employers to push back their staging dates by over two years to a different staging date.
For more information please contact David Gallagher, Partner, at Field Fisher Waterhouse LLP