³ÉÈËÓ°Òô

Automatic enrolment ― preparation for newly established employers

Produced by a Tolley Employment Tax expert
Employment Tax
Guidance

Automatic enrolment ― preparation for newly established employers

Produced by a Tolley Employment Tax expert
Employment Tax
Guidance
imgtext

The automatic enrolment regime requires employers to enrol certain workers in a pension scheme which meets at least minimum standards (known as a ‘qualifying scheme’). This is commonly known as the ‘employer duty’.

When the auto-enrolment policy was being rolled out (from July 2012 onwards), this employer duty was ‘staged’, with the largest employers then in existence being subject to the duty first. There were other aspects of this gradual approach to the duty applying, but none are relevant now. The current position is that for employers now being newly established this employer duty applies as soon as the employer employs a worker. The employer must then assess whether that worker is an eligible jobholder and where this is the case, enrol them in a qualifying scheme. This process must be carried out for all workers.

However, the employer can apply a waiting period of up to three months after the eligible jobholder’s ‘starting day’ (ie the first day on which the employee meets the conditions for auto-enrolment to apply).

For more

Continue reading the full document
To gain access to additional expert tax guidance, workflow tools, and tax research, register for a free trial of Tolley+â„¢
Powered by
  • 29 Sep 2023 10:32

Popular Articles

Enterprise investment scheme tax relief

Enterprise investment scheme tax reliefOverview of EIS tax reliefsThe enterprise investment scheme (EIS) offers significant tax reliefs to encourage individuals to invest money in qualifying shares issued by qualifying unquoted companies. The scheme is designed to encourage investment in small,

14 Jul 2020 11:36 | Produced by Tolley Read more Read more

Company cars

Company carsIntroductionCompany cars are one of the most common taxable benefits. The rules for calculating the benefit are complex, and the reporting requirements are more onerous than most benefits. Company cars are covered by very specific legislation. Detailed guidance on each of the following

14 Jul 2020 11:15 | Produced by Tolley Read more Read more

Premiums on the grant or surrender of a lease

Premiums on the grant or surrender of a leasePremiums on the grant of a lease ― outlineWhen a property investor grants a lease, potentially this could be done on the basis that the tenant pays a premium for the initial grant of the lease, in addition to also paying rent over the term of the lease.

14 Jul 2020 12:58 | Produced by Tolley in association with Rob Durrant-Walker of Crane Dale Tax, part of AMS Group Read more Read more