A pension is a very important method for building peace of mind for your retirement that is most of the time organised by your employer. It is now Government policy to ensure that it is now mandatory that every employer must automatically enrol staff members into a workplace pension if they are aged between 22 and state pension age, earn more than £10,000 a year, or work in UK.
The Payroll Provider helps you ensure your payroll department are delivering on government policy and work with you to comply with your requirements as an employer. Giving both peace of mind to the employees and also the employer.
- Employee assessments to determine employee eligibility, including advising on postponement to make workplace pension arrangements as efficient as possible for the employer.
- Clear and effective communications with employees throughout the different phases of auto-enrollment. We will write to your employees when they are being enroled, issuing statutory documents, advising and supporting on the enrollment rules and scheme details.
- Seamless integration into payroll processing. We will enrol eligible employees into the default qualifying workplace pension scheme. Calculation of contributions and deductions, including salary sacrifice, are automatically calculated.
- We take the hassle out of opt-in and join requests for non-eligible workers through our payroll administration of your scheme. We will deal with entering employees into the relevant pension schemes, calculating contributions relevant to the scheme rules.