Workplace pensions are here. Act now. It’s the law.
The introduction of the workplace pension means that employers must provide employees with a pension scheme and automatically enrol qualifying employees into this scheme. Sounds simple but unfortunately smaller and more entrepreneurial companies could find this a huge problem for their business.
What is Automatic Enrolment?
The introduction of the workplace pension means that employers must provide employees with a pension scheme and automatically enrol qualifying employees into this scheme.
Sounds simple but unfortunately smaller and more entrepreneurial companies could find this a huge problem for their business.
In addition to the cash outlay, British firms must prepare themselves for the enormous amount of paperwork and bureaucracy. Businesses will have to complete an average of 33 administrative tasks in order to be ready for the new pension regulations, which could take up to 103 man days per business. If you don’t comply, you can be fined from £400 up to £5,000 each day.
Who we are?
That’s why we have created Auto Enrolment Administration. This is our solution for you. It will handle all of the setting up, administration and bureaucracy that will leave you to concentrate on your business.
Our Auto Enrolment Administration is here to make the process easier for you. We will assist with the new responsibilities and duties imposed by the Auto Enrolment legislation, all with minimum fuss and disruption to your business.
Of course you could take on this extra work directly, but please don’t underestimate the effort involved. For example, The Pensions Regulator has published over 500 pages of notes to help employers comply with their new responsibilities!
Service tailored for Accountancy practices
We are aware that many Accountancy practices do not have the manpower to deal with the administration tasks involved in meeting their clients Auto Enrolment duties, Therefore we have a department specifically working with their clients to provide a fully managed Auto Enrolment (and Payroll if required) solution tailored just for Accountancy practices.
What you need to do
Here’s an overview of your main duties
How we can help you
Our Auto Enrolment Administration can handle all of this from the initial implementation to the ongoing administration.
In short, we’ll leave you to run your business, while we run your Auto enrolment.
The Auto Enrolment service includes the following;
- Advice on meeting your employer duties
- Setting up a qualifying workplace pension scheme
- Completing your administration duties
- Employee communications
- File Declaration of Compliance