Pension Auto-Enrolment (AE): What does this mean for your business?
In essence, it means that you will have to set up a workplace pension scheme (if you haven’t set up a suitable one already) and automatically enroll eligible employees by your staging date. Heavy penalties apply to companies who do not comply.
Staging dates are phased depending on size, you can confirm your staging date by clicking here. All current employers are scheduled to stage by October 2017. For many employers this may be an additional administrative nightmare as employees must be assessed during each pay run. We offer a seamless integration between you and your pension provider while providing extensive reporting and all necessary documents.
At PaycheckPlus, we guide you through the Auto Enrolment process, we set milestones and keep you informed at every phase. With us, Auto Enrolment is not something to fear. We work with your pension provider to integrate the Auto Enrolment requirements with your payroll to ensure that all employees are included as per the new legislation.
Further information about the Auto Enrolment implementation is available from the Pensions Regulator at http://www.thepensionsregulator.gov.uk/automatic-enrolment.aspx or at https://www.gov.uk/workplace-pensions
We’ve taken the complexity out of Auto Enrolment with our A-Z to Auto Enrolment Guide. The guide gives you quickly the low down on what Auto Enrolment means, and more importantly, what it means to you as an employer.
With PaycheckPlus, you’ll get peace of mind that your Auto Enrolment responsibilities are managed through your payroll correctly and compliantly.