What is Auto Enrolment?
There are a number of different ways employers can meet their pension auto enrolment obligations, but even if you employ just one person you MUST take action. Fines for non-compliance start at £400 but could rise to £10,000 per day depending on the number of staff employed.
Every employer must automatically enrol workers into a workplace pension scheme who:
- who is aged between 16 and 74
- who works in the UK
- for whom you deduct income tax and National Insurance contributions from their wages.
This has meant some changes to the way payroll is run, as without a payroll product that has built in pension Auto Enrolment software your payroll is going to be an extremely time consuming exercise every month due to the necessary checks you need to perform each month.
At TI Accountancy we offer a menu of services to employers, ranging from an assessment of your workforce all the way through to implementation of a bespoke pension scheme. We can arrange staff presentations, pension clinics and support from an experienced Independent Financial Adviser.
What is Auto Enrolment? Every employer must automatically enrol workers into a workplace pension scheme who: This has meant some changes to the way payroll is run, as without a payroll product that has built in pension Auto Enrolment software your payroll is going to be an extremely time consuming exercise every month due to the necessary checks you need to perform each month. At TI Accountancy we offer a menu of services to employers, ranging from an assessment of your workforce all the way through to implementation of a bespoke pension scheme. We can arrange staff presentations, pension clinics and support from an experienced Independent Financial Adviser. [testimonial id="37" columns= "1" /]There are a number of different ways employers can meet their pension auto enrolment obligations, but even if you employ just one person you MUST take action. Fines for non-compliance start at £400 but could rise to £10,000 per day depending on the number of staff employed.
