We provide a one-stop solution to the challenges of auto-enrolment
Auto-enrolment is the term for the automatic enrolment of employees into workplace pension schemes. By 2018, all businesses must operate a pension scheme for qualifying employees, with employee and employer contributions.
Whilst 2018 may seem a long way off, we predict that SMEs will face significant set-up costs to meet pension auto-enrolment requirements. We also estimate that it could take businesses up to 100 working days to implement, therefore it is vital to start planning as soon as possible.
Without doubt, your business will face increased costs from auto-enrolment whether this comes from pension contributions or the resources and management time needed to change systems and processes.
One of the ways you can minimise your auto-enrolment costs is through a salary sacrifice scheme and our team of tax advisors can discuss how you could benefit from such schemes. Other ways to minimise your costs can be advised from our panel of IFAs, and we are able to introduce you to our selected pension specialists to help you.
We are a UK based firm of chartered certified accountants with an experienced payroll team who are able to assist you with Identifying who will be affected, Explaining the financial impact and Planning for your staging date.