NEST auto-enrolment shenanigans

StuartW
StuartW Registered Posts: 472 Dedicated contributor ? ? ?
1 October 2012 sees the introduction of the new national pension rules. How has the change affected you? What are the implications for your business/employer?

As with any change of this magnitude there will be a period of confusion (here are a couple of examples) - do you understand your obligations? What are your thoughts on the wisdom of auto-enrolment into NEST?

Comments

  • coojee
    coojee Registered Posts: 794
    Interesting as I was only asking about this the other day. I do the books for a pre school with 8 employees most of whom are on minimum wage. The supervisor however earns more than whatever the minimum is so it will affect us. I know for a fact that she won't want to go into a pension scheme but I still have to go through all the rigmarole of starting a scheme, enrolling her in it, paying into it and then getting her to opt out of it and wait for our money to come back again. Then every 3 years we have to go through the same procedure. Bonkers. Why can't she opt out beforehand so that we don't ever have to set up the scheme?
  • Gem7321
    Gem7321 MAAT, AAT Licensed Accountant Posts: 1,438
  • Dean
    Dean Registered Posts: 646
    I'll start worrying about it mid 2015 for it to take effect 01.01.16: Staging dates here. By such time they might have a manageable system!

    Regards

    Dean
Privacy Policy