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ARTICLE · 15 JULY 2015

Auto-Enrolment: The Challenges For SMEs

As we have discussed in previous Tax Updates, auto-enrolment has been a popular topic recently.

United KingdomEmployment and HR

As we have discussed in previous Tax Updates, auto-enrolment has been a popular topic recently. Between now and the end of 2017, all employers with less than 50 employees (at 30 April 2012) will need to set up a pension scheme for their employees and make employer contributions.

As a business owner you will need to select a suitable scheme for your employees, which is required to meet certain standards prescribed by law, or ensure that any existing schemes are fully compliant.

Many employers were of the misconception that auto-enrolment is simply a pensions issue. In fact, it is also a software and payroll issue. Hence, it is vital to plan well in advance.

How do I comply?

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