Automatic Enrolment events for employers – book your free place!
Automatic Enrolment is compulsory for all businesses that employ at least one person. Throughout the course of 2017 Carpenter Box are running six free briefing events for employers explaining the implications of Automatic Enrolment and how it will impact their business. This includes what businesses need to do to ensure they are compliant so they do not incur any penalties, which in some instances can be substantial.
According to The Pension Regulator‘s (TPR) latest quarterly bulletin, between July and September 2016, 3728 penalty notices and 576 escalating penalty notices of up to £10,000 per day were issued to businesses who failed to comply with their duties. The TPR also outlined the excuses which are not reasonable to avoid a fine, such as finding the online system too difficult, not getting a reminder or staff illness.
Up to 950,000 businesses with eligible staff are estimated to stage during the 2017-18 financial year (see the graph below). With HMRC recommending for employers to start the planning process at least 6 months before their staging date it is important for those staging next year to think about Automatic Enrolment in the context of their own business sooner rather than later.
Employer quarterly staging forecast
Source: The Pensions Regulator, August 2016
Our Automatic Enrolment events are designed to help employers understand their legal duties and guide them through the process of staging and beyond. The sessions are interactive and a great opportunity for you to chat with members of our team about your Automatic Enrolment requirements.
Dates and locations…
- 19th January (Worthing)
- 2nd February (Crawley)
- 7th April (Worthing)
- 22nd June (Crawley)
- 14th July (Worthing)
- 12th October (Crawley)
All events begin at 9am and will be finished by 10.30am.
If you have any questions about Automatic Enrolment or would like to speak to one of the team, please get in touch on 01903 234094.