auto-enrolment - What does it involve, and should I worry

[ladymuck]

If you are the sole director/employee of yourCo, or you do not run a PAYE scheme, then you're exempt from auto enrolment. It's also true if all employees are over retirement age but that's a little bit more complicated to report, IIRC. Your accountant should have told you this.

You don't need to worry about staging dates, writing yourself a letter or any of that bollox. Just fill in a form and ignore. Simples.

YourCo can make its own pension arrangements for you, if it so wishes.

If you do have staff, then you have to enrol and then you will need to write to all of your employees and offer them the chance to be in a pension scheme. They can opt out but you are breaking the law if you coerce them into opting out.

It's really not that tough with a tiny wee bit of research.

FAQs
Form to register exemption

[Archangel]

If you are the sole director/employee of yourCo, or you do not run a PAYE scheme, then you're exempt from auto enrolment. It's also true if all employees are over retirement age but that's a little bit more complicated to report, IIRC. Your accountant should have told you this.

You don't need to worry about staging dates, writing yourself a letter or any of that bollox. Just fill in a form and ignore. Simples.

YourCo can make its own pension arrangements for you, if it so wishes.

If you do have staff, then you have to enrol and then you will need to write to all of your employees and offer them the chance to be in a pension scheme. They can opt out but you are breaking the law if you coerce them into opting out.

It's really not that tough with a tiny wee bit of research.

FAQs
Form to register exemption

The situation with staff is a little different to the above. If the staff fall within the correct age and income bands then you must enrol them. They can then opt out, but via the pension company, not via your company. You must then re-enrol them every 3 years and the cycle begins again. It's a royal pita