Once upon a time, not too long ago (up until 6 April 2011 to be exact), employers could force workers to retire at 65. However, since the abolition of the Default Retirement Age, you can continue to work well after 65 if you choose to.
Many business owners enjoy working, and do continue working after retirement age, but what if you do not want to work after the age of 65? (more…)
The roll-out of auto enrolment is well into its fifth year. Having started with the largest organisations back in October 2012, it’s now the turn of small and micro sized employers.
If you’re one of these, you’re in good company. During 2017, hundreds of thousands of organisations just like yours will need to get to grips with auto enrolment.
If you aren’t sure what it means for you and your workers, this step by step guide to Automatic Enrolment for small businesses, will put you on the right path.
For many small employers, providing a workplace pension, because of Automatic Enrolment, will be brand new territory. With a wide range of providers to choose from, where do you begin? How do you narrow it down and make your selection?
It’s a similar process to hiring a new worker or signing up a new supplier. You look for signs of quality, assess whether they’re suitable for your company and a ‘good fit’ for your team.
So if you are looking to choose a pension provider for your new auto-enrolment pension scheme, here are five things to bear in mind when making your decision; (more…)
As we approach the fourth anniversary of auto enrolment, it seems that smaller employers are, for the most part, smoothly adapting to providing workplace pensions. However, some small businesses are struggling with some aspects of how auto enrolment works.
To help make sure you don’t get caught out by the common auto enrolment problems, we asked Paul Budgen of NEST, which has been set up by the government especially for auto enrolment, to share his advice on the five auto enrolment issues that business owners are asking about. (more…)
Automatic enrolment is looming large on the horizon for hundreds of thousands of small businesses across the UK.
With many small firms unfamiliar with company pensions, tackling auto enrolment (AE) can feel daunting, so this guide has been designed to help small business owners get to grips with the subject.
It outlines they key issues for small businesses, including what auto enrolment is, what’s happening, the implications for you and your employees and the steps you need to take to ensure you comply with the new rules.