Bookkeeping Support
Auto Enrolment
Auto enrolment legislation has been designed to encourage a retirement savings culture in the UK. This new legislation requires all employers to automatically enrol some or all employees of their workforce depending on age and salary level into a pension scheme.
This must meet certain minimum standards. Some employee’s will also have the right to ask their employer to enrol them into an auto enrolment pension scheme, which once again depends on the employee’s age and salary level. Employers may be required to make contributions to this pension scheme, adding to the contributions made by their employees’.
Mandatory Pension Schemes
Pensions automatic enrolment is now a mandatory part of running a business if you operate a payroll. Platinum One Accountants can offer advice on everything it entails, as well as help you with the administrative burdens that it presents. Every employer running a PAYE scheme has been issued with a staging date. This information has been communicated by the Pensions Regulator.
Platinum One Accountants offers a full range of services to help you carry out your auto enrolment duties:
Legislation Advice
General comprehensive advice on the meaning of legislation, both for you and your employees. Specific payroll requirements to fulfil your obligations.
Communication
Producing relevant communications for your employees’.
Management
Managing opt-ins, opt-outs and contribution refunds.
Re-enrolling
Re-enrolling every three years.
Getting Ready
There is a lot involved in getting your business ready for auto-enrolment – “don’t underestimate the time this will take.”
Eligibility
Assessing the eligibility of your employees’.
Selecting a Scheme
Selecting a suitable qualifying pension scheme.
Timings
Paying pension contributions on time.
Platinum One Accountants can manage all your Auto-Enrolment process seamlessly for you. Please contact us for a free initial consultation.