People are living longer, yet many are failing to save enough for their retirement. As a result the government has stepped in and changed the workplace pensions law.
Auto Enrolment means that all businesses will need to automatically enrol their employees into a workplace pension scheme and make a minimum contribution towards it. Those employees who would rather not contribute will need to physically opt out themselves.
The new legislation, which is in the process of being phased in, includes strict responsibilities for all UK businesses with penalties for non-compliance. Deadlines are dependent on the number of employees your business has. So if you aren’t already Auto Enrolment compliant, you will need to take action fast as the penalties are high.
Ensuring that you are Auto Enrolment compliant in time needn’t be complicated – especially if you hand over the entire process to the experts at Payroll Hub. Our payroll and pensions team will ensure that you have everything in place ready to meet the staging dates between now and 2018.
We offer a range of Auto Enrolment packages designed to ensure you’re fully compliant whether you’d like us to handle just a part of the procedure or the whole lot.
You have better things to do than worry about the new Auto Enrolment legislation – so why not hand everything over to us?
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