Late setting up your pension scheme
What you’ll need to do if you haven’t set up your pension scheme on time
Tell The Pensions Regulator
If you haven’t already let The Pensions Regulator know that you’re late for your duties start date, you should contact them know – even if you’ve taken steps to rectify this.
It’s important to work with them if you haven’t completed your auto enrolment duties within the timescale you were given. Failure to let them know what’s happening could mean you’re more likely to receive fines and penalties.
Send Aviva the information about your backdated contributions
You’ll need to back pay the contributions that you’ve missed since your staging or duties start date. This means that the first payment file that you send us will need to include details of the payments that you’ve missed. To do this, you’ll need to work out the new contribution amount that you’ll be paying.
For example, if you contribute 1% per employee and you were meant to stage in January, if you set up your pension scheme in August then your first pension contribution would need to be 8% to make up for the months you have missed. In September, you would then change this back to your normal pension contribution rate of 1%.
Consider how this will affect the systems you use to run your pension scheme
If you don’t have auto enrolment software, you won’t be able to use AME:Lite to perform your auto enrolment duties.