Welcome to the MYCO Works Blog

Article by Husky

Hiring your first employee feels like a big win. 

It means your idea is working. Revenue is coming in. You are building something real. 

You register for PAYE. You sort payroll. You issue a contract. Everything feels under control. 

Then a letter arrives from The Pensions Regulator. 

Suddenly you realise that becoming an employer also means taking on workplace pension duties. 

In the UK, every employer must follow auto enrolment rules. It does not matter if you have one employee or fifty. If someone meets the age and earnings thresholds, you must: 

• Set up a compliant workplace pension 

• Assess staff each pay run 

• Enrol eligible employees 

• Pay employer contributions 

• Send statutory communications to all workers  

• Make employee deductions 

• Complete the Declaration of Compliance 

• Keep records 

It sounds simple. In reality, this is where many first time founders get caught out. 

Most people assume payroll software handles everything. It does not. Pensions still require active oversight. Missed assessments or incorrect contributions can quickly turn into compliance issues. 

The good news is this. When it is set up properly from day one, workplace pensions do not need to be stressful. They become something that runs quietly in the background. 

If you have just hired your first employee, registered for PAYE, or received a letter from The Pensions Regulator, it is worth checking that everything is set up correctly. 

👉 MYCO clients can learn more about how Husky supports workplace pensions here:
https://huskyfinance.com/husky-myco/ 

We make sure your workplace pension duties are covered so you can focus on growing your business.