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Why should I start planning now even though my staging date is in 2016/17?

It’s simple, if you start now it will be cheaper for you to implement. The cost of workplace pensions is increasing as the market shrinks and we have seen multiple price increases this year. We recommend that you register your scheme now and this is ready for your staging date, whether that is in 1month or 12 months time. The pension will not start until your staging date, you will simply have you place registered. Once this is done you can rest assured that you have a compliant scheme in place and you can concentrate on your business knowing you have saved money by registering early.

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With the introduction of workplace pensions already underway for a number of larger businesses in the UK, it’s important that you act now and start preparing – there’s a lot that can be put in place earlier.

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