Auto Enrolment - Can you change your staging address?
Can I change my staging date?
Your staging date is set by Law. You cannot delay your staging date.
The exception to this is certain small employers.
If you employed fewer than 50 workers on 1 April 2012 and had, or were part of, one or more PAYE schemes with 50 or more people, you can choose to move your staging date to a new prescribed staging date between 1 August 2015 and 1 April 2017.
Can I bring my staging date forward?
While only certain employers can delay their staging dates, all employers can elect to bring forward their staging date.
If you decide to stage early, you’ll need to notify us at least one month in advance of the new chosen staging date.
You must ensure that you have a qualifying pension scheme. A secured agreement with the scheme must be in place, ensuring that it will be used to comply with these duties from the new (earlier) staging date.
The implications of missing your staging date A recent report by Hargreaves Lansdown has shown that as many as 8,000 companies who should have staged for automatic enrolment may not have done so by May 2014. Around 23,000 businesses were due to have staged by this date. However the number of employers who had confirmed details of their auto enrolment pension scheme was just over 15,000. This backs up findings from pension providers such as NEST, NOW and Standard Life who are not seeing the volume of new schemes they would have expected.
Penalties for non-compliance:
1 Warning: If you are not ready to meet the new legislation in time for your staging date, The Pensions Regulator will issue a compliance notice.
2 Fixed fine If the employer doesn’t comply after the initial warning The Pensions Regulator will give another warning and a fine of £400.
3 Daily fine Where the employer continues to break the regulations, there will be a fine for each day with the penalty increasing until the company complies. The daily fine will depend on the number of employees.
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