M. Wasley Chapman & Co can help with auto enrolment pension scheme administration
All UK businesses are now legally required to operate an auto enrolment pension scheme for qualifying employees, comprising of employer and employee contributions. These requirements bring important additional financial implications and administration. So, this means many employers may need help in administering compliance to reduce the overall impact on their business. If you have already started your auto enrolment duties and are confused with the additional burden, our team offer fully compliant auto enrolment services to support you and your business through successful implementation and ongoing compliance.
The execution of auto enrolment involves additional business costs, in the form of pension contributions, as well as demands on resources and time needed to complete ongoing compliance work.
How does Auto Enrolment work?
All workers earning over £833 per month or £192 per week who are aged between 22 and state pension age must be automatically enrolled by their employer into a pension plan. A worker earning £5,876 or less a year is also entitled to join the scheme. However you can choose whether to contribute to the pension scheme.
So if you simply want a compliant scheme or a reputable provider, our solution fits the bill. When you use our auto enrolment service, you can avoid the complicated process of automatic enrolment preparation so that you can focus on what you do best – running and growing your business.
Auto Enrolment compliance is essential
The new legislation for Auto Enrolment includes strict responsibilities for all UK businesses with high penalties for non-compliance. We know that when you are outsourcing tasks such as Auto Enrolment services, you need a reliable, compliant and efficient service.
Our Auto Enrolment compliance service is compatible with any pension provider. We provide you with employee letters and pension reports, so that the process is quick, easy and hassle free for you.
Although we are not authorised to provide pension advice, we can also help with scheme selection and our team are here to support you when you are setting up your pension scheme and processes.
For more information on the Auto Enrolment process and compliance of Auto Enrolment duties, visit The Pensions Regulator.
Our Auto Enrolment Services solution
Setting up a workplace pension scheme can be difficult, time-consuming and expensive no matter the size of your business. Our Auto Enrolment experts have designed a straightforward option to remove this burden.
Our payroll team sets up and administers the scheme on your behalf. We will maintain the ongoing compliance, liaising directly with your pension provider and uploading the monthly pension data.
We can help:
- identify who will be affected within your business
- assist on pension scheme selection and make sure you are set up correctly
- register your business and scheme with The Pensions Regulator
- communicate with your staff and keep them up-to-date on your behalf
- auto enrol eligible staff
- provide on-going administration of Auto Enrolment
- deal with any employees opting out
