Are you an employer based in the UK? Are you aware of the Automatic Enrolment regulations concerning workplace pension schemes? Let our dedicated team help you navigate through the complexities of pension regulations effortlessly.
Pension auto-enrolment compliance is a legal requirement for employers in the UK to automatically enroll eligible employees into a workplace pension scheme. By complying with these regulations, employers play a vital role in securing the financial future of their employees.
Employers of all sizes in the UK, including businesses, charities, and not-for-profit organisations, must comply with auto-enrolment regulations. Even if you employ just one person, you are still required to comply.
Employers must contribute a minimum of 3% of the staff earnings into the pension scheme. The combined contribution, including both employer and employee contributions, should amount to 8% of the staff earnings. This means employees contribute 5% on top of the employer’s 3% contribution.
Not all employees are automatically eligible for auto-enrolment in the UK. To be enrolled, an employee must meet specific criteria: they must be at least 22 years old but below the state pension age, actively working in the UK, and earning a minimum annual salary of £10,000.
Before making pension contributions, it is crucial to choose a suitable pension scheme and register with it. Some of the following common pension providers are National Employment Savings Trust (NEST), Creative Pension Trust, The Lewis Workplace Pension Trust etc.
At our core, we prioritise your success through personalised implementation crafted to match your unique requirements, proficiency, financial considerations, and timeline. We’ve helped thousands of organisations with their pension compliance and streamline their payroll management.
Our team of seasoned professionals are well-versed in all aspects of pension compliance, ensuring your business always remains fully compliant.
We understand that every business is unique. Our services are designed to fit the needs of your organisation seamlessly, that cater to your specific pension requirements.
Handling auto-enrolment can be time-consuming and complex. With our services, you can leave the administrative burden to us, allowing you to focus on your core business operations.
Beyond pension expertise, we offer comprehensive payroll services, covering payroll processing, tax calculations, and employee record management.
With us, you can rest assured that your pension compliance is in safe hands. We prioritise compliance and accuracy, offering you peace of mind in your tax reporting processes.
Quality need not come at a high cost. Our services deliver exceptional value with competitive pricing, ensuring you receive expert support without breaking the bank.
Our work is centered around innovation, efficiency, collaboration, and delivering exceptional results to our clients.
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