What
is
automatic enrolment?
The
law on workplace
pensions has changed. Every employer with at least one member of
staff
now has new
duties, including enrolling those who are eligible into a workplace
pension
scheme
and
contributing towards it.
This
is called
‘automatic enrolment’ because it is automatic for staff – they don’t
have to do
anything
to be
enrolled into a pension scheme, but it is not automatic for employers.
Employers
who do not
comply will face enforcement action which can include fines and / or
prosecution.
All
employers will
need to work out if automatic enrolment applies to them.
If
you have at least
one member of staff who is paid via a PAYE scheme, automatic enrolment
duties
apply.
If,
like many organisations and employers,
you don’t have a pensions scheme in place then you
will need to find
one. This obligation is regardless of employee
numbers or the overall value of contributions.
Details
of other providers can be obtained
by contacting Ashden Accountants - please email autoenrolment@heycroft.com
or
call 01908 915715.
If
you wish us to take a look
at your payroll, Heycroft offer
a payroll
service. For a free quotation
please contact us or email payroll@heycroft.com
As
Accountant specialists, the team at Ashden
Accountants are able to guide and support you through the
process of
establishing an Auto-enrolment scheme.
For
a free quotation please email - autoenrolment@aheycroft.com or
call 01908
915715.
