We are here to lead you through the auto enrolment process.
This will start 12 to 18 months before your staging date when the Pensions Regulator will notify you of your unique 10-digit organisation ID code and request that you nominate a point of contact to whom all future correspondence will be addressed.
At this point, we offer a fixed fee service to discuss the detailed regulations and your options with regard to the choice of pension scheme. We will also assess your workforce so you can have a clear picture of the financial implications of a workplace pension.
Once you have decided on the most appropriate scheme and pension provider, we can look after all the administration involved in setting up the scheme prior to your staging date. Typically this will involve the registration of the scheme and writing to your workforce to provide them with details of the scheme and how it will operate. We will set out a timetable of events so that both you and the workforce are aware of all key dates.
We will liaise with your payroll software provider to ensure that your system is compatible with the pension choices you have made. If you run your own payroll we will ensure that your staff are fully trained in all matters relating to the new deductions and contributions.
At the staging date, we will deal with the administration associated with notifying your workforce of the type of jobholder they are and their options now the pension scheme is in place. We will review your payroll system to ensure the software is working correctly.
You are now up and running, but obligations don’t stop here! Therefore we will be on hand to help with ad hoc matters, provide ongoing advice and deal with the mandatory registration of your pension scheme with the Pensions Regulator.
To find out more about your obligations as an employer and for a tailored service for your business, please contact one of our partners.