Let us take away your auto-enrolment headache

If you have any PAYE employees, it’s the law to set up a pension plan for them. Beginning in 2012, the government introduced compulsory auto-enrolment workplace pensions.

  • Will it be an extra operating cost, or an opportunity for your business?
  • Do you know your business staging date?
  • How do you plan to engage with this compulsory legislation?

If you have PAYE employees, then you need our help with pensions. There are no exceptions – all employers must be in. To ease the burden on employers, auto-enrolment is being introduced in stages until 2018, beginning with the largest companies and ending with the smallest. Every employer is given a staging date – the point at which their auto-enrolment duties begin. This date is based on your PAYE scheme size on April 1st, 2012. Staging dates began in October 2012 and run up to February 2018.

Do you know your staging date?  Check out our guide below.  It’s not a simple job, but with a regulated, qualified financial adviser and chartered accountant on your side life will be a lot easier for you.  We’ll help get your business on track to comply with the legislation, and together, we’ll make sure your employees earn smarter, live better.

PAYE scheme size Your staging date
120,000 or more 01 Oct 12
50,000-119,999 01 Nov 12
30,000-49,999 01 Jan 13
20,000-29,999 01 Feb 13
10,000-19,999 01 Mar 13
6,000-9,999 01 Apr 13
4,100-5,999 01 May 13
4,000-4,099 01 Jun 13
3,000-3,999 01 Jul 13
2,000-2,999 01 Aug 13
1,250-1,999 01 Sep 13
800-1,249 01 Oct 13
500-799 01 Nov 13
350-499 01 Jan 14
250-349 01 Feb 14
160-249 01 Apr 14
90-159 01 May 14
62-89 01 Jul 14
61 01 Aug 14
60 01 Oct 14
59 01 Nov 14
58 01 Jan 15
54-57 01 Mar 15
50-53 01 Apr 15

With the state pension being made less generous (a flat £144 a week with no earnings-related top-ups) auto-enrolment is the government’s tactic to make workers save for their own retirement, rather than rely on the state.

Workers can choose to opt out if they wish, but it’s illegal for employers to encourage them to do so.  Latest research from The Department for Work and Pensions shows that only 9% of workers have opted out.  Earlier estimates (before auto enrolment was under way) were as high as 30%. The lower rate of opt out indicates that the overwhelming majority of workers (91%) are happy to contribute to their own retirement savings.

We’ll make the transition easy for you and your employees.

Depending on how pensions are structured, you may or may not have an extra cost to absorb. Let forest help you turn this into an opportunity instead of a cost – contact us today to learn more and get the process under way.

The value of the investment can go down as well as up and you may not get back as much as you put in.



Forest Financial Planning Ltd is an appointed representative of Intrinsic Mortgage Planning Limited and of Intrinsic Financial Planning Limited who are authorised and regulated by the Financial Conduct Authority. Intrinsic Financial Planning Limited and Intrinsic Mortgage Planning Limited are entered on the FCA Register (http://www.fca.org.uk/register) under reference 440703 and 440718. The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.