AUTO ENROLMENT COMPLIANCE
We Make Auto Enrolment Simple
Auto enrolment legislation affects all businesses in the UK. Intended to help all employees begin saving for later life, auto enrolment is the central pillar of any employee benefits scheme. If you employee people, you’ll need to choose a qualifying workplace pension scheme, enrol eligible workers, and meet the minimum contribution requirements. Managing this process correctly is of paramount importance – but it doesn’t have to be stressful.
Fulfil your obligations, navigate the administration, and achieve total compliance.
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Auto enrolment doesn’t have to be a headache. We’re here to streamline the process.
What is Automatic Enrolment?
In the UK, every employer needs to have a workplace pension scheme, automatically enrol certain members of staff onto this scheme, and make contributions on their behalf. This requirement and the subsequent minimum standards, contribution amounts, and timescales were brought in by the government to ensure the vast majority of employees were saving for their future.
Unlike other types of employee benefits, your pension scheme is not an optional extra. That means achieving total compliance is important – but doing so can be complex and time-consuming. We’re here to help streamline the entire process and guide you through each stage.
Pension Reporting Requirements.
Have you ever heard of The Pensions Regulator? If not, you will do soon! As an employer, you’ll need to inform The Pensions Regulator of the pension scheme you have chosen, as well as keep accurate records of every employee who opts out, and re-enrol those who opt out in the future. Even employees who want to opt out need to be entered into the scheme to begin with. They will also need to be provided with information on their options, so they can make informed decisions. Keeping on top of all this is crucial – whether you have hundreds of employees, or just a handful!
How we work
Auto Enrolment Checklist for Employers.
Your legal duties for automatic enrolment begin on the day your first member of staff starts work. This is known as your duties start date and you cannot change this date.
The Department for Work and Pensions (DWP) will write to you to confirm this date but it is your responsibility to be ready to comply with the rules. You will not be written to in advance.
On your duties start date you must assess your staff to see if they meet the age and earnings criteria to be put into a pension scheme for automatic enrolment. Any staff who are,
- aged between 22 and up to State Pension Age
- and earn over £10,000 per year, or £833 per month or, £192 per week
must be put into a pension scheme. If you are looking to pay the minimum pension contributions, which are a total of 8% of qualifying earnings, both you and the employee must both pay into the pension.
What you need to do will depend on whether you have anyone who needs to be put into a pension scheme or not.
Remember: these rules are the minimums, but you can decide to be more generous. Take a look at what other businesses in your sector are doing and make sure your offer is competitive.
If you already have arrangements in place, how certain are you that you are doing everything correctly? Compliance requires a continuous process to be followed.
Deciding on the right provider is a vital stage – and it’s important to shop around. It’s up to you to keep records that you have complied with the legislation. You’ll need to decide whether you use your payroll system or the pension provider’s automated software for your records.
It’s worth thinking through your timings! If you want to change provider, you’ll need to leave enough time to implement a new scheme – which can take a few weeks.
Don’t stop communicating. Make sure all your employees know what you’re changing, why, and what the benefits will be. You also need to very careful not to encourage or incentivise employees to opt out of the pension. If you need help with your employee engagement, talk to us!
Your Dedicated
Auto Enrolment Specialists.
Whether you’re a new business starting from scratch, or an established firm switching provider, HWWA Consulting is here to help. If you’re feeling stressed about your duties as an employer and are looking for support, our friendly team are here for you. We offer a consistent point of contact, online or face to face consultations, and independent, totally unbiased advice. For support when navigating all the intricacies of auto enrolment and pensions, you can rely on us.
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Talk to us
Lets start
your Journey.
Whether you’re a start-up company, a business new to the UK, or an established firm seeking a trusted partner for growth, we’re here to enhance your employer brand for good.
Employee benefits don’t have to be a headache. Get in touch for a free initial consultation with a member of our friendly team.
Contact us
Talk to us
Lets start
your journey.
Whether you’re a start-up company, a business new to the UK, or an established firm seeking a trusted partner for growth, we’re here to enhance your employer brand for good.
Employee benefits don’t have to be a headache. Get in touch for a free initial consultation with a member of our friendly team.