Half a million more small employers will have to enrol workers in automatic enrolment pensions than previously estimated because of more new businesses and fewer businesses closing.
The figurespublished by The Pensions Regulator (TPR) show that 1.8 million small and micro employers will need to meet their pensions duties over the next three years, compared to the previous estimate of 1.3 million.
The estimates shows the Summer of 2017 will see a peak of 350,000 small and micro employers whose AE duties will come into effect.
This confirms the need to be organised early, check your Staging Date as soon as possible. Please feel free to call us with any of your Auto Enrolment queries.