Auto-enrolment requires employers to keep certain records. There are new legal requirements on employers – as well as trustees, managers and providers of a pension scheme – to keep records about their workers and the pension scheme used to comply with their employer duties.
Having the correct workplace pension arrangements in place (although extremely important) is not enough to comply with auto-enrolment on its own.
Our auto-enrolment service includes step by step advice on record keeping for auto-enrolment.
Preparing for auto-enrolment takes detailed planning and should not be left to the last minute. Our view is that employers should seek professional financial advice at least 18 months before their auto-enrolment staging date.
Contact us to discover how Farrell Financial Planning’s expert advice can help your organisation to comply with the new auto-enrolment rules and responsibilities.
A pension is a long term investment. The fund value can fluctuate and go down. All information is based on Farrell Financial Planning’s understanding of UK law & HMRC practice in the UK. Information is also based on Farrell Financial Planning’s understanding of The Pensions Regulator’s rules. Tax and legislation are subject to change.