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I’m about to register as an employer, do I have to pay my employees a pension?

employee pensions

If you have become an employer or are becoming an employer for the first time post 1 October 2017, be it as a new business venture or expansion, pension duties become a legal requirement immediately for you and your new workforce.

This is in contrast to existing businesses who benefited from the comparative luxury of being notified by The Pensions Regulator of their staging date up to 12 months before duties became due, allowing adequate time to consider if a pension scheme is required and if so, how to best structure this.

This would include making key decisions regarding which of the four very different certification bases to use, what level of contributions to provide, which of the abundantly available pension providers to use and how to best communicate this to the workforce – never mind how to best manage the day-to-day administration involved!...

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