Auto Enrolment Workplace Pensions – everything you need to know as an employer

You are not alone if you feel the auto enrolment workplace pension woes setting in.

Many business owners feel an unnerving cold chill pass over when they realise they’re holding the dreaded The Pensions Regulator letter.

It’s not all bad news … auto enrolment can be easy

And that’s what we’re here for. We’ve combined skills and expertise with Premier Tax Solutions/Pearson Change Management to turn the workplace pensions corporate spiel into easily digestible chunks. We’ll support you every step of the way so that you understand compliance and feel comfortable in how to move forward.

We’ve developed comprehensive toolbox that’s affordable and structured to cover every aspect of HR and tax to prepare your whole team for the pension transition.

  • Only £200+VAT for businesses with 1-5 employees
  • Only £300+VAT for 5-10 employees

It’s a small price to pay to eliminate fluctuating stress levels and balance the staff scales.

By implementing an effective structure it’s easy to understand your obligations and execute a smooth automatic pension enrolment. Lean on us in anyway you see fit with a trustworthy support package designed with you in mind.

Take a moment to review some of the basics that will help you to prepare for what’s to come. It really will be a smooth ride and you’ll soon wonder what all the fuss was about!

Will auto enrolment affect everyone?

The simple answer to this is yes. It includes every employee over a certain age that earns a certain salary. It’s also a legal responsibility for every employer, no matter what size of company. And if you are a sole trader, you’re not in the clear either; the new legislation will still apply.

How can I find out when my auto enrolment staging date is?

Over six million people have already been enrolled and by the end of 2017, so will you! It’s a staged process with many larger companies already undergoing the transition. As a small owner-managed business or micro company employing up to ten employees, if you haven’t already, you will soon receive an introductory staging letter. Typically, there will be a 6-12 month transition period after receipt of your letter.

Will it cost a fortune?

 Many small business owners fear a dip in profits due to the pension obligations. And there could be if you don’t comply, in the form of a government fine. A non-declaration to the Pensions Regulator will cost £400!

But all is not lost with the auto enrolment toolbox. You’ll have time and expertise on tap to take everything in your stride without apprehension.

Your auto enrolment toolbox

Your toolbox will encompass everything you need to create a compliance plan of action across a three-stage process:

  • Stage 1: Auto enrolment preparation
  • Stage 2: Pre-enrolment and chosen provider set up support
  • Stage 3: Auto enrolment implementation

Tick off your tax qualms

Running a business is stressful. But a financially sound business is well equipped to face times of uncertainty. Your toolbox will cover all enrolment prerequisites for financial reporting and provide up to date documentation to make sure your business is cash-rich and sustainable.

  • Tax liability planning
  • Tax efficiency strategies
  • Profit and loss reporting
  • Identify your pension contribution level

Grasp HR uncertainties

You’re a natural at what you do. That entrepreneurial fire in your belly is the reason why you set up your business in the first place. Victory is often inescapable but to grow, you need the support of a good team. Your toolbox will cover all aspects of HR to ensure your employees benefit from the workplace pension investments too.

  • Employee review and enrolment identification
  • Align existing pension arrangements
  • Evaluate employment contracts and policies
  • Implement a communications plan
  • Ensure payroll compliance

Workplace pensions don’t need to be intimidating, we can guide you through it. Call today on 01782 479699 for an informal no-obligation chat about how we can help.