payroll bookkeeping auto enrolment

Pension Auto Enrolment

From 2018 all employers will need to automatically enrol their employees into a Workplace Pension Scheme. Through our software we can handle all aspects of processing auto enrolment pension deductions and submissions to your scheme through the payroll.

You must have a scheme in place ready for your staging date to automatically enrol all eligible employees.  We recommend you take action at least 12 months prior to this date. Please click below to find your staging date:

Once you know your staging date you may wish to contact an independent Pension advisor as we are unable to advise you which scheme you should opt for.

The brief guidelines for auto enrolment are as follows:

Any member of staff over the age of 22, under the state pension age and earning over £833.33 per month qualifies and will automatically enrol.

The contributions will be deducted at the following rates:

DateEmployer minimum contributionTotal minimum contribution
Employer’s staging date to 05/04/181%2% (including 1% staff contribution)
06/04/18 — 05/04/192%5% (including 3% staff contribution)
06/04/19 onwards3%8% (including 5% staff contribution)

 

The link below will give you more information on Auto Enrolment and your Employer duties:

http://www.thepensionsregulator.gov.uk/employers/managing-a-scheme.aspx