are you ready for auto enrolment?

The Pensions Act 2008 introduced major reforms to workplace pensions. Under these reforms:

  • all employers in the UK must offer a qualifying workplace pension to their workers
  • all eligible workers must be automatically enrolled into the chosen scheme (even if they subsequently decide to opt out)
  • the employer is required to pay a minimum level of contribution in respect of their workers. The tiered system of contributions starts at 1% and is stepped until it reaches 3% employer contribution by 2018

These reforms commenced implementation in October 2012 and this will continue until October 2017 with ongoing changes in requirements.

The initial and ongoing requirements are incredibly complex.

We are ideally placed to provide a straightforward approach to help you with implementation and then ongoing management including re-enrolment. We have helped many clients through the process and so we are aware that the reality of implementation is much more complex than the bullet points above may suggest and there are ongoing complexities with re-enrolment.

As well as advising on strategy for pension scheme selection and implementation, we will also be able to give hands on support on implementation through our payroll bureau or can advise on the purchase of upgraded Sage Payroll software if you plan to keep your payroll in house.

Call us now on 0345 337 9409 to find out how we can help you or send us an email.

Keep up to date with the latest news on auto enrolment by visiting our blog.

Cassons; payroll; auto enrolment

Please note

This information given is for general guidance only. You should not rely on it without taking individual advice based on the full facts of your case. Information given is correct at the time of publication.

Please contact us to find out how we can help you.