Here is a list of key dates that are commonly referred to in the pensions auto enrolment process:
Automatic Enrolment Date
The date you have to automatically enrol eligible jobholders into a pension scheme.
The date you enrol non-eligible jobholders and entitled workers.
Some employees may wish to opt-out of pension saving. While they will always have a right to do this, there is a deadline, (their opt-out date), that must be met if you intend to treat them as never having been enrolled into pension saving.
There are certain circumstances where you can postpone the date you assess your employees.
Declaration of Compliance (Registration) Date
If you have one or more employee, you have five months from your staging date to tell the Pensions Regulator that you have implemented pension saving in your workplace. This is known as Registration.
Your staging date is the date the new duties come into force for your organisation. It is a s a fixed point in time when automatic enrolment activities must become ‘business as usual’.
While you need to work to a fixed date in your calendar, this date can be three months either side of the third anniversary of your staging date. (If this is not your first enrolment exercise, the three months runs either side of your previous re-enrolment date.)
For help with any aspect of the Auto-Enrolment process, contact our Employment Benefits team. We specialise in helping clients with the all the paperwork and processing required, and help you put all the necessary actions in place.