Auto Enrolment
From as little as £6 per employee per month
Pension scheme set up with NEST or a provider of your choice
Informing and enrolling your staff into your workplace pension
Declaration of compliance submitted every 3 years
What?
What is Auto Enrolment?
Auto Enrolment made it mandatory for all employers to create a savings plan for their employees. Qualifying employees are:
- Aged between 22 and State Pension age
- Earn more than £10,000 a year
- Work in the UK
Once enrolled, employers must contribute at least 3% and employees must contribute a minimum of 5% each month that goes directly into a pension pot which cannot be accessed until retirement age. There is the option to “Opt Out” if an employee does not wish to contribute towards their pension, but to begin with everyone must be automatically enrolled.
If you do not comply with the rules, then you may be liable to penalties from The Pensions Regulator for non-compliance.
Why?
Why choose us to manage your pension scheme?
1) Assurance
Payroll and pensions tax legislation is very complex and non-compliance can lead to sizable penalties. We will set up your scheme correctly and ensure you stay compliant.
2) No-hassle
We will ensure your pension provider has all the information they need to collect the correct pension contributions.
3) Complete audit trail
The Pensions Regulator will issue fines for non-compliance with the Workplace Pension Reform. We keep a full audit trail of all communications and with The Pensions Regulator requirements stating that you have to retain full audit flow data for up to six years, this takes all the burden away from you.
How?
How do you manage my pension scheme?
1) Set up
We can set up your pension scheme with a pension scheme provider of your choice. We can then either hand it over to continue to manage it for you on a monthly basis.
2) Enrol and inform your employees
Along with enrolling existing employees, we will regularly check for any new eligible employees, and auto enrol them too.
3) Administering your pension scheme
We will make regular submissions to your pension provider, so they can collect the contributions from you directly.
Cost?
How much will it cost to manage my pensions scheme?
Please note that auto enrolment services are an add-on service to our accountancy packages.
Our auto enrolment services include:
Pension Registration – fixed £200 to set up your scheme with your chosen provider.
Pension Compliance – fixed £70 to handle the declaration of compliance and mandatory correspondence.
Pension Management – starting from only £6 per month per employee. We charge a minimum fee of £30 + VAT per month for the first two employees and £6.00 + VAT per month for every additional employee after that.
Other Services?
What other services do you provide?
VAT Returns
From only £40 per month
Payroll
From only £12 per month
Bookkeeping
From only £20 per month
Contact Us
We offer a no fee no obligation consultation at a location convenient for you… it has never been easier to start saving money.
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