Staging dates
The Government is introducing the pension reform in stages according to how many employees a company employs. Your staging date depends on the size of your largest PAYE scheme as at 1 April 2012.
Employers with the greatest number of employees will need to have a pension scheme in place by October 2012. Smaller companies will follow over the next four years.
Below is a summary of staging dates by employer size.
|
Employer size |
Staging date |
|---|---|
|
120,000+ |
1 October 2012 |
|
50,000 – 119,999 |
1 November 2012 |
|
30,000 – 49,999 |
1 January 2013 |
|
20,000 – 29,999 |
1 February 2013 |
|
10,000 – 19,999 |
1 March 2013 |
|
6,000 – 9,999 |
1 April 2013 |
|
4,100 – 5,999 |
1 May 2013 |
|
4,000 – 4,099 |
1 June 2013 |
|
3,000 – 3,999 |
1 July 2013 |
|
2,000 – 2,999 |
1 August 2013 |
|
1,250 – 1,999 |
1 September 2013 |
|
800 – 1,249 |
1 October 2013 |
|
500 – 799 |
1 November 2013 |
|
350 – 499 |
1 January 2014 |
|
250 – 349 |
1 February 2014 |
|
50 – 249 |
1 April 2014 - 1 April 2015 |
|
Test tranche for less than 30 |
June 2015 |
|
30-49 |
1 August 2015 to 1 October 2015 |
|
Less than 30 |
1 January 2016 to 1 April 2017 |
|
Employers without PAYE schemes |
1 April 2017 |
|
New employers (PAYE income first payable between 1 April 2012 and 30 September 2017) |
1 May 2017 to 1 February 2018 |
|
New employers from 1 October 2017 |
Immediately |
* Source: www.dwp.gov.uk/newsroom/press-releases/2012/jan-2012/dwp010-12.shtml
Correct as at Janaury 2012, further details to follow.
To find out exactly when your company will be affected take a look at our countdown clock.
