As we mentioned back in October, many small and micro businesses are nearing their staging date – the date by which your workplace pension scheme must be up and running. And this means there’s a real imperative for getting your payroll software and systems up to speed to cope with making pension contributions.
Between 2015 and 2017, over a million small and micro business will be reaching their pensions auto enrolment staging date – in fact it’s a staggering 51,134 companies per month.
We’ve already mentioned the need to Payroll auto enrolment upgrade your payroll system if you’re going to meet your business’s staging date. But, even at this late stage, there are still many business owners and micro businesses that don’t seem aware of the need to comply with their auto enrolment requirements.