AUTO ENROLMENT SERVICE
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The law on workplace pensions has changed. Every employer with at least one member of staff now has new duties. This includes enrolling those who are eligible into a workplace pension scheme and contributing towards it. It is called automatic enrolment.
Automatic enrolment is automatic for your staff – they don’t have to do anything to be enrolled into your pension scheme. However, it is not automatic for you. You need to take steps to make sure your eligible staff is enrolled in a pension scheme. Moreover, even if you already pay contributions into a pension scheme for your staff, you still need to check if it is suitable for automatic enrolment.
The following tasks, in particular, will take you some time:
Contributions to the scheme come from three places. You will make deductions from their pay, you will make employer contributions and the government will contribute via tax relief. Furthermore, you’ll need to make sure you contribute the right amount.
Ideally, you should allow up to 12 months to prepare. Remember, automatic enrolment is your legal duty and if you don’t act you could be fined.
A step-by-step guide is available on this Link.
At S.M Vint we can Help with this Service. please get in touch today and speak to someone in our payroll department.
We are local, open, and friendly. Furthermore, our professionals have a wide range of knowledge and expertise. We offer many services for you to avail of, including a competitive fee structure and flexible payment options.