In October 2012, the UK Government’s new Workplace Pensions Reform legislation came into effect. For the first time, all businesses in the UK with one or more employees are required to automatically enrol employees who meet certain minimum criteria into a qualifying workplace pension plan and make minimum contributions into that plan. You may know this as auto enrolment.
Businesses with between one and 250 employees will need to comply with the auto-enrolment regulations between now and 2018 on their auto-enrolment staging date. Auto-enrolment staging dates are specified by the Pensions Regulator and is the date on which an employer must meet their new auto-enrolment pension obligations.
Read the Pension Regulator’s Essential Guide to Auto-Enrolment…
The Small Business, Enterprise and Employment Bill
The Small Business, Enterprise and Employment Bill has been designed to open up new opportunities for small businesses to compete, get finance to create jobs, grow, innovate and export. Watch the video below to hear from Matthew Hancock MP, Minister of State for Skills and Enterprise about his aspirations for the Bill.
Other changes that are expected to be seen during 2015 include:
- Increases in holiday pay
- Increase in penalties for employers who pay under the national minimum wage
- Improvement to the whistleblowing procedures
If any of the issues raised in this article affect your business, please give us a call to discuss your options. We’re a friendly bunch and really keen to make a difference to your business by finding a solution that works for you and your business so call us on 01473 360160.






