Pensions for Nannies – Automatic Enrolment
As you are probably aware the law on workplace pensions has recently changed. Every employer including those of Nannies and Domestic Staff now has new duties. This includes enrolling those who are eligible into a workplace pension scheme and contributing towards it.
It is called Automatic Enrolment because it is automatic for your staff, they don’t have to do anything to be enrolled into your pension scheme. However it is not automatic for you as the employer. You need to take steps to make sure your eligible staff are enrolled into a pension scheme.
Small employers including those of Nannies and Domestic Staff are being phased in from 01/06/2015 until 01/02/2018.
Employers will need to comply with this law or face fines of £400 + £50 per day for non-compliance.
If you are an employer The Pensions Regulator will write to you and inform you of your staging date. Alternatively you can ask your payroll provider for the staging date or visit The Pensions Regulator website to find it http://www.thepensionsregulator.gov.uk/employers/tools/staging-date.aspx
When The Pensions Regulator writes to you as an employer, you must provide them with a point of contact. The primary contact should be the employer the secondary contact can be your payroll provider. You can nominate a contact on The Pension Regulator website.
You will have to assess all your staff for eligibility but you may not have to automatically enrol them.
The table below outlines your duties depending on the salary of your employee;