Assessment of your workforce to determine the correct status of your employees for auto enrolment purposes
Communicate information to your employees about the new pension rules
Registration with a qualifying pension scheme of your choice
Auto enrolment of eligible workers into a pension scheme
Administering opt in and opt out requests
The Pensions Act 2008 introduced measures aimed at encouraging greater private saving which includes workplace pension reforms. Whether you are a hairdresser, an architect or run a private nursery and even if you employ at least one person, the new legal obligations require employers to automatically enrol their eligible jobholders into a qualifying scheme.
Automatic enrolment will impact upon most areas of your business.
Understanding and browsing the regulations can be a daunting task. We can assist you with the following tasks which must be undertaken by each employer:
On-going assessment of your workforce – monitoring the ages and earnings of your employees
Completing the declaration of compliance
Preparing pension schedules with the pension contribution deductions
Making payments to the pension scheme provider
Keeping accurate and appropriate records