Auto Enrolment - Pensions

The laws involving UK pensions are changing, and getting them wrong could cost your business a lot of money trying to sort it out. The best way to avoid this from happening is to hire a qualified accountant who is well versed in the latest pension regulations. From 2018, every business must have a pension scheme in place. Employees need to be automatically enrolled in the workplace pension scheme.

Failing to put steps in place in advance could lead to substantial penalties from the pension regulators. Below are a number of auto enrolment pension tips to help save you money, and information on what we can do for you.

The costs involved are twofold. First, there is the cost of the pension contributions that need to be made, and secondly, the time required to manage the pension scheme will also cost money.

Our team can help with all aspects of pension management. We will:

  • Help to identify which staff members will need to be involved in auto enrolling.
  • Make it clear to your staff as to how auto enrolment will affect them
  • Explain to you how this auto enrolment will influence your cash and profit flow
  • Manage the staging date of when it will be implemented
  • Declaration of compliance to pension regulator
  • Setting up account with pension provider on your behalf.
  • On going compliance and reporting contributions to the scheme providers

Working with you where auto enrolment is concerned will help you keep on top of the new laws coming into force. Please contact us for more advice.