Automatic Pension enrolment for a new employer

Things needed:

1. PAYE reference number i.e. first need to register as an employer with HMRC.
2. Staging date: date when first member of staff starts work.

Next:

3. Choose a pension scheme
4. Write to staff: use pension regulator’s draft letters.  See note 1 below
5. Declare compliance to pension regulator.

Note:

1. Currently we use Moneysoft payroll manager and send Postponement letter to all staff.

2. Tax relief on pension: Relief at source or net pay

3. Employee often ask – How do i transfer my old pension to the new employer?

3. Please use pension regulator’s website for more information. http://www.thepensionsregulator.gov.uk