What is Auto Enrolment?
The law on workplace pensions has changed.Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called ‘automatic enrolment’.Whether you’re a beautician, an architect or employ an assistant, if you employ at least one person you are an employer and you have certain legal duties.
Employers who do not comply can face fines and / or prosecution.
What actions do you need to take?
As an employer you will need to find out if automatic enrolment applies to you. – If you have at least one member of staff that is paid via a PAYE scheme, automatic enrolment duties apply.
Managing a scheme
It’s important for employers to understand their role in running a quality pension scheme and there will be different duties and areas of focus depending on the type of scheme they’re involved in.
Bookkeepers in Buckingham Ltd are offering our services and expertise! We can offer to set up your company pension by using one of the government Auto Enrolment pension schemes. Here is a brief guide of the essential roles we can look after for you:
Don’t Panic – get in touch and see how we can help.
Call us NOW 01280 308075 and have a chat!