Auto Enrolment

How much time does it take to prepare a business for auto enrolment and what do I have to do NOW in order to be ready on time?
The experience from the larger firms who have already implemented auto enrolment is that it takes between 12 and 18 months and an average of 103 working days to implement the necessary changes.

Our suggestion is that smaller businesses will be able to implement the changes within 12 months, assuming that they are prepared to allocate the necessary resources to the project. See our checklist for preparing for auto enrolment.

For a business to sufficiently understand auto enrolment and the impact it will have on their business, they will need to complete the following key steps:

1. Find their staging date
2. Assess their workforce
3. Review their pension scheme
4. Communicate with their employees
5. Auto enrol their eligible employees
6. Register with the Regulator
7. Contribute to employees pensions
8. Keep records and report

If you would like to know how BlackStone Accountancy could help you to implement auto enrolment in your business, please contact us on 0800 043 3046.