The Government‘s reform of the pensions industry to encourage employees to save for their retirement impacts all employers regardless of their size. Larger employers have already auto-enrolled and during 2016 and 2017 the vast numbers of British small and medium employers will come into the scope of workplace pensions. Employers will have to automatically enrol some workers into a workplace pension scheme and give others the option to join.
Employers are required to assess workers to determine their auto-enrolment status. This is a regular assessment that must be carried out each period. From our experience of supporting larger employers who have already staged, this can become increasingly challenging with joiners, leavers and in particular with variable paid staff.
Employers are obliged to write to all employees advising them of their obligations and rights. It is important your employee data satisfy HMRC and Pension Regulator standards and you calculate the correct contributions. Employers, payroll officers and pension providers need to work closely together throughout.
You can check your staging date with The Pensions Regulator.
Auto-enrolment solutions from Qualitas Payroll
We offer seamless payroll and pension auto-enrolment support to take care of the time consuming work on your behalf. This includes:
We support all UK regulated pension schemes so no matter your arrangements, prior to and following workplace pensions, our team will take the effort out of your pension administration obligations.
Contact us and we will take the complexity out of your payroll and pensions requirements with cost effective solutions.