Complete Auto Enrolment Service, from Planning, advise to Implementation and maintenance.
What is Auto-Enrolment & who does it apply to?
Auto-enrolment was put into place by the UK government through the Pensions Act 2008 in an attempt to put all workers in pension schemes. The government project requires all employers in the UK to put their staff into pension schemes in order to contribute to the employee’s pension scheme.
You must comply with the Act if you own a business that employs one worker or more, you’ll need to:
- Set up a workplace pension scheme that meets the new rules
- Automatically enrol all eligible workers
- Pay contributions into the retirement pots (pensions) of eligible workers
- Enrol other workers if they ask to join the scheme
We carry out final assessment of whom to enrol, and then enrol the relevant staff. There are likely to be number of questions coming at this stage from Employees and we will be on hand to help answer these for you.
We will have the pension setup by now, employees all registered and the relevant contributions calculation through payroll. After running your payroll, we will setup any integrations of your payroll with the Pension provider that are possible, and then submit the information through to your Pension provider.
You will also need to then make the necessary payment and we will walk you through different options available here.
Final step of initial implementation process to submit the Declaration of Compliance (needs to be done within 6 months of staging date). The declaration is to provide information to show that the business has met all Auto Enrolment duties. This step must be carried out to ensure full Auto Enrolment compliance.
Exemptions from Auto-Enrolment
Automatic enrolment duties don’t apply when a company or individual is not considered an employer.
You won’t have any duties if you meet one of the following criteria:
- You’re a sole director company, with no other staff
- Your company has many directors, none of whom has an employment contract, with no other staff
- Your company has many directors, only one of whom has an employment contract, with no other staff
- Your company has ceased trading
- Your company has been dissolved
- You no longer employ people in your home (cleaners, nannies, personal care assistants, etc.)
Getting your pension setup right is critical, that’s why you will get a Qualified Accountant to help with the setup process. Over the years we have helped hundreds of business setup their pension schemes and have realised the complication this process can bring, we feel having a dedicated one point of contact helped our clients manage much more effectively and efficiently.
"Hi there, I am a Client Accountant here at Fusion Accountants handling a portfolio of small to medium size entities across a range of industries including, Hospitality, IT consultancy , Manufacturing , Construction (CIS) and E-commerce.
Working closely with my clients and understanding their business is key when it comes to devlivering a value add account reporting that is aimed to provide the business the tool to make key decisions. Outside work, I enjoy cooking international dishes, spending quality time with my Husband and three children."