Employers Guide To Auto Enrolment (or work place pensions!)
Under the Pensions Act 2008, every employer in the UK must put their staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’.
Auto-enrolment of workplace pensions has actually been in existence in the UK since 2012, initially targeting the big employers. Now it is the turn of small and micro employers to ensure they also set up a pension scheme.
If you have a payroll and you ignore auto – enrolment you will face financial penalties. The Pensions Regulator has already issued hundreds of penalty notices to employers who have not set up a workplace pension by the time they were supposed to.
Bells Payroll Services will take care of all this for you!
Bells current clients will already be aware of the date they are required to commence their pension scheme and what this will involve as we have communicated this with each of our employers individually and help them set up a fully compliant solution which is cost effective and an excellent value for money. If you need any help with understanding your own responsibilities with regards to these new regulations please do not hesitate to contact us.