Auto-enrolment pensions – is your business registered?

The introduction of the auto-enrolment pension is now well advanced, with many small businesses having already set up a pension scheme for their employees.

Small business owners who have yet to action this are advised to urgently check their staging date as there are penalties for non-compliance. They should also contact their payroll provider to see what additional information is needed.

Businesses where the owner/directors are the only people on the payroll are exempt, but they still need to tell the Pensions Regulator.