It is important that all companies including small businesses are ready for Auto enrolment and the impact it is going to have on them. There are heavy penalties for non-compliance, making it important to start the process early.
Every three years you will need to put certain members of staff back into the auto enrolment pension scheme, even if they opted out when they were first automatically enrolled. This is called re-enrolment. You also need to complete a re-declaration of compliance to tell HMRC how you’ve met your duties.
Re-enrolment and the re-declaration of compliance are legal requirements and if you don’t act, you could be fined.
Make sure The Pension Regulator has your current contact details so they can send you information about your re-enrolment duties
Please follow the link below for a guide to choosing your re-enrolment date, finding out which employees to assess and put back into a pension scheme and lots more useful information –
http://www.thepensionsregulator.gov.uk/en/employers/re-enrolment.aspx
