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Auto Enrolment

Hassle Free Auto enrolment

Are you worried about complying with the new workplace pension legislation?

We are here to help.

New law which came into existence in 2012 states that any eligible employee should be automatically enrolled onto a workplace pension scheme, most full time employees will fit the criteria as they just need to be aged between 22 and the state pension age.

It is solely the employers responsibility to make provisions in order to comply with this law, the process is completely automatic for the employee as they are merely informed when they are enrolled, hence the name auto enrolment, but it is anything but automatic for the employer with many factors to consider and procedures to follow.

Just to mention some of the steps you as an employer need to take:

  • Workout staging date
  • Assess each employee to determine if they meet the eligibility criteria
  • Register with Government’s Gateway website
  • Choose a workplace pension provider
  • Calculate employee and employer contributions
  • Declare compliance with the Pensions Regulator
  • Prepare employee communication

It is vital that just for the sake of compliance the most important element of auto enrolment is not neglected, that is selecting the most suitable pension scheme for your employees.

Large corporations have offered workplace pensions to their employees for a long time, this is because they understand that looking after the welfare of employees also benefits the employer in the long run. An employee will work harder and have a pleasant attitude towards their employer, which will ultimately lead to a proactive workforce.

The government’s objective behind enforcing auto enrolment is to tackle the problem of an ageing population which would otherwise be heavily reliant on the welfare state, workplace pensions ensure that working people are given the opportunity to save for a better retirement with the added benefit of the employer also financially contributing.

Ontime is here to help your company set up auto enrolment in a timely and stress free manner, remember it is a legal duty for every employer to comply and heavy fines are on their way.

Please visit our Auto Enrolment website for more information or give us a call on 0113 8267260 to speak to a dedicated business manager.

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