• Skip to main content
  • Skip to primary sidebar

DFC Accountants

Accountancy and Business Services in Cardiff, Wales

  • home
  • privacy statement
  • how we can help
    • accountancy
    • bookkeeping
    • VAT
    • payroll
    • taxation
    • share dealing losses
    • exit or succession planning
    • solutions for you
  • digital tax
  • meet the team
  • wealth management
  • advisory
  • news & updates
  • Login
  • contact us

Auto re-enrolment

19th September 2019 by

Setting-up pensions auto-enrolment for our clients’ employees was a right PITA three to four years ago. If we subcontracted this task to a specialist pensions administrator, we should check that our client is on top of their re-enrolment obligations.

All employees who opted out of the workplace pension must be re-enrolled in that pension after three years. The employer needs to write to each opted-out employee and inform them they will be automatically re-enrolled on the re-enrolment date. This date is set by the employer but is normally chosen as the third anniversary of the staging date for auto-enrolment.

Employees can immediately opt-out of the workplace pension again if they choose to do so. Individuals with very large pension pots may be advised to opt-out if they have taken steps to protected the level of their pension lifetime allowance, as making further pension contributions could break that protection.

Once the employer has re-enrolled all affected employees, it must submit an online declaration of compliance to The Pensions Regulator, within five months of the third anniversary of the original staging date.

Written by the Tax Advice Network

Filed Under: Uncategorised

Primary Sidebar

Contact Us

02920 448 120
julie.burrows@dfcaccountancy.co.uk
Address:
2 Alexandra Gate
Ffordd Pengam
Cardiff, Wales, CF24 2SA

News & Blog

  • Monthly Tax E-News – April 2022 1st April 2022
  • Monthly Newswire – April 2022 1st April 2022
  • Monthly Newswire – March 2022 10th March 2022
  • Monthly Tax E-News – March 2022 1st March 2022
  • Monthly Tax E-News – February 2022 1st February 2022

© 2022 DFC Accountants Ltd · Site by The Clever Web Company

Address: 2 Alexandra Gate, Ffordd Pengam, Cardiff, Wales, CF24 2SA
Email: julie.burrows@dfcaccountancy.co.uk