With the introduction of workplace pensions auto-enrolment, it is the responsibility of the employer to select, launch and run a suitable workplace pension scheme.
With the introduction of workplace pensions auto-enrolment, it is the responsibility of the employer to select, launch and run a suitable workplace pension scheme.
An increasing number of our clients have become concerned about the impact in terms of cost and administration time and have been talking to us about the new legislation.
We are pleased to say that we can now provide you with help to deal with auto-enrolment.
What’s more, by introducing salary-exchange processes alongside your pension scheme, we can create substantial reductions in your employer’s NI payments, that will offset any increased costs.
You need to have auto-enrolment fully sorted by your “Staging Date”, which is dependent upon the number of employees in the business:
160 – 249 | 1st April 2014 | ||
90 – 159 | 1st May 2014 | ||
59 – 89 | July – November 2014 | ||
30 – 58 | Jan – October 2015 | ||
Under 30 employees | April 2015 – March 2017 |
Even if your staging date is some time in the future, the whole process will take time and thought to get it right. So why not ease the pressure and start planning now? (If you would like to know your exact staging date, please call us).
In the first instance, we’d like to offer you an initial meeting to review the legislation, the impact upon your business and how we can help you get the best for you and your employees. An initial meeting is at no cost and without obligation – so why not give us a call?