In October 2012 the new workplace pension was introduced. All employers will have to provide workers with a workplace pension scheme by law over the next few years. Employers will automatically have to enrol their workers into a workplace pension if they meet certain criteria.
If you don’t already offer workers a workplace pension scheme, you must set one up before your business’s staging date. A staging date is the date you must start enrolment in a pension, and depends on how many people are on your payroll. Even if you already offer pension arrangements for your workers, you will still have some new obligations to meet.
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