Pensions

Whether you have one employee or a hundred employees, auto enrolment places significant responsibilities on an employer. Employers need to enrol many of their employees into a work based pension scheme and pay some pension contributions.

Elite Payroll Services Ltd can help you:

• Prepare for the start of auto enrolment in your business including an initial analysis of your workforce, preparation of a cost budget and assistance with choosing an appropriate qualifying pension scheme
• Prepare communication letters to your employees
• Calculate employee and employer contributions and prepare payment schedules for the pension scheme provider
• Assess your workers each pay day to determine if they need to be auto enrolled
• Register with The Pensions Regulator and help you keep the required records

Do you employ at least 1 person..?

If you do you have certain legal duties..!

If anyone who works for you on your staging date will be..

• ..aged between 22 and up to state pension age…
• ..earning more than £833 per month (£192 per week)…

you are an employer who has to provide a pension scheme.

Case Study

A football team has been fined a total of £22,900.00 for not complying with Automatic Enrolment.

The football club received fines from The Pensions Regulator after it failed to put eligible workers into a pension scheme or comply with other workplace pension duties.

Charles Counsell, TPR’s executive director of auto-enrolment, said: “This case illustrates what can happen when an employer buries their head in the sand and disregards their duties. If things aren’t going well, then talk to us; don’t ignore us. Failing to comply on time will not save you money. Not only do you risk a fine, but you will also have to make backdated contributions.”

At Elite Payroll Services Ltd we do all we can to make sure we get our clients in contact with someone who is qualified to talk to them about it.