Member Article

When do workplace pension changes come into effect?

There are new duties on employers, to help more people save for their retirement. All employers will need to act to comply with the law.

Planning for Pensions provides an introduction to the new employer duties

When do the changes come into effect?

Each employer will be given a date from which the changes will have to be in place. This is known as your staging date.

- The first staging dates will be in October 2012.

- Your staging date will be broadly based on the number of people you have in your PAYE scheme.

- Employers with the largest number of workers will have the earliest staging dates.

For more information visit www.planningforpensions.co.uk or call 0191 236 1042.

Click here to listen to NE Money’s Planning for Pensions audio advert.

This was posted in Bdaily's Members' News section by David Wilson .