What is postponement?
Reasons to consider postponement
Employee's opting into the pension scheme
What you need to do to postpone auto-enrolment
What is postponement?
As an employer, one of the options you have when auto-enrolling your employees is to postpone auto-enrolment for up to 3 months.
This postpones your auto-enrolment duties as an employer.
Reasons to consider postponement
You may wish to postpone auto-enrolment for one, some or all of your employees if:
You need more time to set up your pension scheme
You only expect your employee to be with you for a short period of time e.g. they are on a fixed-term contract
Employee's opting into the pension scheme
Postponement is effective for employers who are not ready for auto-enrolment, however, your employee can still opt-in to the workplace pension scheme.
What you need to do to postpone auto-enrolment
The Pensions Regulator doesn't need to be made aware of your decision to postpone auto-enrolment, however, you do need to let your affected employees know within 6 weeks of the postponement date.
At PayFit, you can record your postponement date in the app and you will receive a notification when it is time to auto-enrol your employees. For instructions on how to do this here.