Pension Auto-enrolment dates confirmed

The Government has released the revised timetable for auto-enrolment pension roll out.

The timetable was revised due to concerns that the impact of the scheme could be too much for some businesses to take in the current environment.

Large employers with 250 or more employees will be the first to face the change, with the original start date of October 2012.

The next group will be those with between 50 and 249 members who will have from 1 April 2014 until 1 April 2015 to implement the changes. Then a test tranche for those with 30 or less staff will take place throughout June 2012 before becoming compulsory from 1 January 2016.

Businesses with between 30 and 49 employees will be expected to comply with the rules from 1 August 2015.
Commenting, minister for pensions Steve Webb said: “Automatic enrolment will begin on time this October, taking up to 10 million people into pension saving, many for the first time ever, and all employers will be part of it.