Do I need to provide workers with a pension?

Since the introduction of Auto Enrolment in 2012 all employers must provide workers with a workplace pension scheme over the next few years. When the legislation will apply to you (known as staging date) depends on how many people you have on your payroll. The first band of effected employers was the country's largest employers, those with 120,000 employees or more. The staging date for many smaller firms is likely to be 2014 and 2015 for employers with less than 60 employees (please note this is just a guideline, staging dates will be specific to each employer, to check your staging date click here http://www.thepensionsregulator.gov.uk/employers/tools/staging-date.aspx)

If you already have a workplace pension scheme in place it will need to be reviewed to see if it is compliant with new legislation, and to establish whether amendments need to be made. 

Further details on Auto Enrolment can be found at http://www.thepensionsregulator.gov.uk/automatic-enrolment.aspx