The law on workplace pensions has recently changed, making it the employer’s legal duty to ensure that employees are placed onto a workplace pension, this is called Auto Enrolment. Auto enrolment is a legal requirement for all UK businesses or organisations that meet a certain criteria, as an employer you must automatically enrol staff who:
Although it is automatic for your staff as they do not need to do anything, it is not automatic for you as an employer, as you must take the steps in order to set up auto enrolment of staff into a workplace pension scheme.
Each employer has their own deadline by which they must be ready for auto enrolment, this is known as your staging date. You can find you staging date by using the following link: http://www.thepensionsregulator.gov.uk/employers/staging-date.aspx
The eligibility of each employee will need to be assessed as there are other factors and exceptions which need to be considered apart from their age and earnings. You must also choose a reputable pension scheme, and you can use one of our trusted partners, who are answerable to the Parliament through DWP(Department of work and pensions). Finally you will need to properly communicate with your staff when they will be automatically enrolled, the pension provider you have chosen and also their rights and options according to the guidelines set by the Pensions Regulator. Employers who fail to comply by their deadline will face heavy fines and penalties, do not risk it.
As Chartered Management Accountants, we believe we are the perfect choice when it comes to choosing your "auto enrolment partner", we pride ourselves in ensuring complete compliance to current legislation. Our easy registration process means your business will be ready for auto enrolment well before your deadline.
The Pensions Regulator will be contacting you shortly advising you of your Pension Auto Enrolment staging date and requesting you to nominate a contact by their deadline. Nominate Integrity Accountancy Services and we will implement your duties on your behalf. Call or email Integrity Accountancy now for a quotation.
If you decide to go ahead, simply click on the link below to notify The Pensions Regulator:
You will need your PAYE reference number and your 10 digit organisation ID or letter code from the letter you received from The Pensions Regulator. Your contact at Integrity Accountancy for the form is firstname.lastname@example.org. It’s that simple! We’ll do the rest.
Please feel free to contact us if you have any queries.
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