What is Automatic Enrolment Pension?

Pension Automatic Enrolment is a Government initiative. Brought about to help working people save for retirement. There are many available providers. As an employer, you choose which product to use. You, the employer contributes as does the eligible employee. Thus, by law as an employer, you must enrol those who are eligible into a workplace pension scheme. Pension Automatic Enrolment, as the name suggests, is automatic, this, however, is only for employees, it is not the case for employers.

Our duties

On your staging date or re-enrolment date, we must initially decipher whether your employees are eligible for the pension automatic enrolment scheme.  Once each individual’s status is confirmed we issue the legal letters on your behalf. Then if any team members do need enrolling into a workplace pension scheme, we sign them up for you into a pension scheme of your choice.

Calculations

Following auto-enrolment, we calculate the contributions and submit them to the pension company. Then in some cases, we authorise payment depending on the wishes of the employer.

TPR Inspections

Another essential point to mention is inspections. It is the responsibility of employers to meet The Pension Regulator’s inspection requirements. These inspections are rigorous and structured within a framework. Rather dauntingly, inspections can be unannounced or prior notice given. In the event of an inspection by the Pension Regulator, you’ll be pleased to know we have you covered. You will receive all the necessary payment and contributions reporting required to submit to The Pension Regulator.

Other services

We’re all about everything payroll so we also deal swiftly and efficiently with the following important payroll services:

• Payroll for Employers
• CIS Payroll
• Managed Payroll Services