We’re here to help you through the auto enrolment process
Auto enrolment is beginning to impact on small employers as their staging dates get nearer. All employers must assess their employees and enrol those eligible into a pension scheme set up by the company. Both the employer and the employee must make contributions to the employees pension, and it must be administered correctly and records must be kept.
And all of this is new and daunting to a small employer.
Each employer has responsibilities, and these must not be ignored as penalties issued by The Pension Regulator can be severe and have a serious financial impact for a small business.
The list below outlines the responsibilities of the employer:
Know your staging date**
Nominate a point of contact*
Assess your workforce**
Review your pension arrangements*
Choose a qualifying pension scheme*
Communicate the changes to your workforce*
Automatically enrol your eligible jobholders**
Register with the Pension Regulator and keep records**
Contribute to your workers’ pensions
* Whilst the list of responsibilities seems long and daunting, we can help with any and all of these.
** These are either part of our standard process or within payroll after your staging date.
Whether you are fully prepared for Auto Enrolment, or haven’t yet investigated you staging date, we can make the Auto Enrolment process easier and stress free for any employer.
We can set up your pension scheme, and ensure you’re fully prepared prior to you staging date. We can supply documents issued by your pension provider, so that you and your employees know in advance what will happen at your staging date, and employees can make informed decisions about their pension.
We will supply a pre-staging date assessment so that you know which employees will be automatically enrolled and give an estimate of the value of your contribution.
We will supply clear and easy to understand letters for your employees as you pass through your staging date. Your employees will be fully informed on time, and you’ll be happy knowing you’re being compliant.
Once you’ve passed your staging date, and your scheme is established the pension deductions and scheme administration will become a standard part of your payroll.
Each month we’ll assess your employees and make any changes relating to opting in or out of the scheme. If a change of circumstance means employees should be automatically enrolled, we’ll take care of that too.
Auto Enrolment monthly fixed fees for monthly assessment and processing means you’ll always know what your payroll will cost each month.
And an agreed hourly rate means that if employees opt in or out of their pension scheme, the cost of that administration and production of letters is never a nasty surprise.
Whilst Auto Enrolment is a requirement for all employers, with preparation and our support it can easily become part of your payroll process. And it doesn’t have to cost the earth!
Call the office today on 01384 92 90 20, we’d be happy to talk to you about how we can take care of auto enrolment for your business.