On Monday new regulations came into force that could mean that eBay and Amazon sellers, as well other ecommerce SME employers, need to make pension provision for their employees.
For the first times, some employers with fewer than 30 staff, need to start offering pension services. Sometimes called “auto enrolment”, the aim is to ensure that more British employees have some sort of private pension cover sorted.
You can find out more about the basics in this video from Smart Pension.
And to check if you’re in the first cadre of SMEs with fewer than 30 employees who need to pull their finger out on this new law, check out the requirements here.
Are you an employer? How will this affect you?