Pension Auto-Enrolment

Automatic enrolment is a Government initiative to help more people save for later life through a pension scheme at work.

In the past, many workers missed out on valuable pension benefits, because their employer didn’t offer them a pension, or they didn’t apply to join their company’s pension scheme.

Automatic enrolment changes this. It makes it compulsory for employers to automatically enrol their eligible workers into a pension scheme. The employer must also pay money into the scheme, if the employee contributes.

Whether you have one employee or 100 employees, auto-enrolment places significant responsibilities on an employer. Employers need to enrol many of their employees into a work based pension scheme and pay some pension contributions.

Just missing your specific enrolment date could cost you £5,000. Some companies have already been fined.

We can help you:

• Prepare for the start of auto-enrolment in your business by checking your staging date, being a point of contact, making an initial analysis of your workforce, preparation of a cost budget and general advice in choosing an appropriate qualifying pension scheme.
• Prepare communication letters to your employees.
• Assess and enrol workers on an ongoing basis.
• Calculate employee and employer contributions and prepare payment schedules for the pension scheme provider.
• Communicate and complete necessary paperwork with The Pensions Regulator to ensure that your business remains compliant.