16 Apr Re-Enrolment and On-going Duties for Workplace Pensions
What are the On-going Duties for Workplace Pensions and what do you need to do for re-enrolment?
There are a few things you need to do when it comes to Workplace pensions and re-enrolment. Once your scheme is set up you have a list of on-going duties. We have listed below the main duties.
Ongoing duties include
- Keeping accurate records related to administering the pension scheme.
- Assessing staff every time they are paid to check whether they are eligible for AE.
- Enrolling staff if they meet the eligibility criteria and writing to them to explain how AE applies to them.
- Managing requests from staff to join or leave the pension scheme.
- Calculating and paying correct pension contributions for every staff member enrolled in the pension scheme.
- Re-Enrolment procedures (detailed below)
Re-Enrolment
For many businesses it will soon be time to go through the re-enrolment process with regard to Workplace Pensions.
Every three years employers will have to assess their workforce and re-enrol all their eligible staff.
You should receive a letter or email from The Pensions Regulator explaining what you need to do and by when. The duties are similar to those which you carried out on your staging date.
Employers must re-enrol their staff in to a pension scheme who were previously enrolled but opted out or ceased active membership more than 12 months before their chosen re-enrolment date. Any staff who have opted out in the last 12 months do not need to part of the re-enrolment process.
So what do you need to do?
The Pensions Regulator will write to you with your re-enrolment date and deadline. You have a 6 month window to choose your re-enrolment date which starts 3 months before and finishes 3 months after your anniversary date.
You need to assess your staff to work out who needs to be put back into your pension scheme and write to your staff. Staffs eligibility may have changed so make sure you assess everyone.
Once you have completed your assessment and written to your staff you must then complete a Declaration of Compliance. Your deadline will be shown on your communications from the Pensions Regulator.
EA Assist can help you with the administration in setting up your workplace pension scheme and help you with on-going duties.
Get in touch with us to find out how we can help you and your business with your work place pension and payroll administration.