Auto-enrolment: are you ready for rollout?
As nearly half a million small businesses are going to have to set up a workplace auto-enrolment pension over the next two years, accountancy firms will be at the frontline when it comes to advising clients.
Recent reports from The Pensions Regulator have shown that 1.8m small to medium-sized (SME) employers will need to meet their automatic enrolment duties over the next three years, as opposed to the originally forecast 1.3m.
There is likely to be a peak of around 350,000 small and micro employers being affected by summer 2017. Small business owner/managers will have to work closely with automatic enrolment (AE) providers to manage the ‘tidal wave’.
Read the full article on Accountancy Live website.