Posted May 29, 2018
Pensions Re-enrolment Overview
“Re-enrolment” means putting certain staff back into a pension scheme. Here is our pensions re-enrolment overview, and this must be done 3 years after your automatic enrolment staging date.
Step 1 – Choose your re-enrolment date
You have a 6-month window in which to set this, starting from 3 months before the 3rd anniversary of your automatic enrolment staging date and ending 3 months after it.
Step 2 – Assess certain staff to decide if you are going to put them back in your pension scheme
Step 3 – Notify your re-enrolled staff in writing
You must do this within 6 weeks of your re-enrolment date.
Step 4 – Complete your re-declaration of compliance
You must do this within 5 months of the 3rd anniversary of your automatic enrolment staging date.
This is a quick video outline of Re-enrolment from The Pensions Regulator:
Re-enrolment and re-declaration is your legal duty, and if you may incur a fine if you don’t comply with your duties.
This is a link to The Pensions Regulator Re-enrolment page: http://www.thepensionsregulator.gov.uk/en/employers/re-enrolment
Please don’t hesitate to get in touch if you would like to discuss re-enrolment, here is the link to our Auto-Enrolment page for all your pension needs:
The information contained above is provided for information purposes only and is not intended to amount to advice on which reliance should be placed. We therefore disclaim all liability and responsibility arising from any reliance placed on such information. Professional advice should be obtained before taking or refraining from taking any action as a result of the above contents.