Guest Posted October 4, 2012 Share Posted October 4, 2012 Hello, With workplace pensions being introduced this month for larger organisations, does anyone know when Pre-schools have to contribute to these for their staff ? Quote Link to comment Share on other sites More sharing options...
Mouseketeer Posted October 4, 2012 Share Posted October 4, 2012 (edited) Ours is 2016 (6 staff) you can go on the hmrc website and put in your paye ref and it gives your 'staging date'.......anyone with less than 50 employees is between march 2014 and sept 2016 and it's only for employees earning above the personal tax allowance. Edited October 4, 2012 by mouse63 Quote Link to comment Share on other sites More sharing options...
Rea Posted October 4, 2012 Share Posted October 4, 2012 The first site I found said this "Aimed at professional advisers, large employers with in-house pensions expertise and those with a sound knowledge of pensions, our guidance provides detailed help with implementing the new employer duties" so I found another one... http://www.thepensionsregulator.gov.uk/employers/staging-date-timeline.aspx Simpler but a tad confusing towards the end unless you know what you're looking for. Quote Link to comment Share on other sites More sharing options...
Guest Posted October 4, 2012 Share Posted October 4, 2012 Thank-you both , something for future committees to think about and save for. Quote Link to comment Share on other sites More sharing options...
Cait Posted October 4, 2012 Share Posted October 4, 2012 Ours is January 2017! (I will have retired by then, so someone else's problem!) 7 Quote Link to comment Share on other sites More sharing options...
Rafa Posted October 4, 2012 Share Posted October 4, 2012 Ours is January 2017! (I will have retired by then, so someone else's problem!) Me too I hope.....only the state pension for me to look forward too tho... Quote Link to comment Share on other sites More sharing options...
sunnyday Posted October 4, 2012 Share Posted October 4, 2012 (edited) Let me know when I should take my head out of the sand Edited October 4, 2012 by sunnyday 3 Quote Link to comment Share on other sites More sharing options...
Rea Posted October 4, 2012 Share Posted October 4, 2012 It might be best to leave it there, and I'd like to know what is the optimum depth 2 Quote Link to comment Share on other sites More sharing options...
eyfs1966 Posted October 5, 2012 Share Posted October 5, 2012 I had a long chat on the nest employer helpline to a really helpful chap. It transpires that some of my staff will be inelligible (as earn too little), Some will almost certainly opt out as already close ro retirement age, thus not worth joining, and for the few left, the employer only pays the er contribution on amounts above the threshold ie amounts above £5564. Thus for us this is not going to be anywhere near as expensive as I had anticpated, thank goodness. I have a july 2016 implementation date...for now, I am going to carry on with my head in the sand as 2016 is just too far away to know if we will even still be in business. 1 Quote Link to comment Share on other sites More sharing options...
anju Posted October 5, 2012 Share Posted October 5, 2012 Ooh, that sounds reassuring for you Eyfs1966. Sadly (!) I have one in her 30s and two only 20 and they all earn over the tax threshold. From now on I will only employ old fogies... 1 Quote Link to comment Share on other sites More sharing options...
Guest sn0wdr0p Posted October 5, 2012 Share Posted October 5, 2012 mmm as the owner of my setting I think I am going to get used to the taste of sand. Quote Link to comment Share on other sites More sharing options...
fimbo Posted October 5, 2012 Share Posted October 5, 2012 :( none of us earn above the tax threshold....not sure if that should fill me with joy as a 'manager' or fill me with sadness as an 'employee' :lol: 1 Quote Link to comment Share on other sites More sharing options...
Cait Posted October 5, 2012 Share Posted October 5, 2012 I'd heard that the threshold was £8105 p.a. I'm sure that's what they said on the news ... Quote Link to comment Share on other sites More sharing options...
redjayne Posted October 5, 2012 Share Posted October 5, 2012 My understanding was also that the threshold was the same amount as a basic rate taxpayers allowance - hence the £8105 figure above - but will be different ( more I assume if the present government carries on with it's increase to £10,000) by the time most of our settings are eligible / required to pay in, 1 Quote Link to comment Share on other sites More sharing options...
Cait Posted October 5, 2012 Share Posted October 5, 2012 aha, that makes a bit more sense Quote Link to comment Share on other sites More sharing options...
redjayne Posted October 5, 2012 Share Posted October 5, 2012 (edited) I found this the other day - it was mentioned in the Mail - it's quite a simple explanation about pensions . pensions-auto-enrolment.pdf Edited October 5, 2012 by redjayne Quote Link to comment Share on other sites More sharing options...
Cait Posted October 5, 2012 Share Posted October 5, 2012 Thanks, that's more readable and I didn't feel my brain turn into mush reading it! Quote Link to comment Share on other sites More sharing options...
eyfs1966 Posted October 6, 2012 Share Posted October 6, 2012 Just for clarity, let me explain the numbers I gave. Auto enrolement is for those earning at or above £8105. However, those who are not going to be auto enroled are still eligible to elect to join the scheme. For those who elect to join on salaries from £5564, the employer would then still have to make contributions. For those below £5564, the employee can join but there is no obligation for the employer to make contributions. Thus from a budgeting point of you, you should really be prepared for the possibility that all employees earning from £5564 will elect to join and thus budget for your "worst case" scenario. Hope that makes sense. 1 Quote Link to comment Share on other sites More sharing options...
Cait Posted October 6, 2012 Share Posted October 6, 2012 Yes it does, thank you Quote Link to comment Share on other sites More sharing options...
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