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Thought for the Day - Notice Periods

Auto Enrolment for Pension Schemes

Grosvenor House Associates (Cornwall) Limited celebrates its 24th birthday today (10 October). If you book any of our training between now and Thursday (17 October) you will get a 24% discount - so book now

There is no need to give any notice on either side in the first month of employment. After one month statutory minimum notice is one week for each complete year of continuous service up to a maximum of 12 weeks' notice after 12 or more years of continuous service. Your contract may give you more than statutory rights and if it does then your employer MUST honour your contract. Don't forget that 1 month is longer than 4 weeks!

If you have between 50 and 249 employees you need to be getting ready for auto enrolment - the staging dates are between 1 April 2014 and 1 April 2015

Small employers with less than 50 employees - staging dates between 1 June 2015 and 1 April 2017

If you do not comply with the rules the Regulator may issue a warning letter followed by a formal compliance notice. Financial penalties can be imposed starting from £400 and reaching up to £10,000 a day. Wilful failures may lead to criminal prosecution

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