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LATEST "AUTO ENROLMENT" SEMINARS

Our next seminars on auto-enrolment are set for Thursday, 5th February at 9.00 am and 3.00 pm at Bryant House. Each seminar will be about an hour with a further ½ hour question and answer session.

As many of you already know, auto-enrolment is already here for many businesses - we have included a number of articles in past newsletters. This will be a major shake up of the pension industry with employers having to register a pension scheme with the Pension regulator, auto-enrol employees into the scheme, make contributions towards the employees’ pensions and administer the whole scheme. Most small businesses who employ staff will need to auto-enrol over the next couple of years.

There will be a significant increase in the administrative burden for all employers. 

We are actively enrolling many of our clients for auto –enrolment now - well ahead of planned staging dates. 

Who is affected? Businesses who have any employee (excluding directors) who earns above the lower earnings limit for national insurance (Currently £5,772). 

Why should you act now? Because clients recognise that auto-enrolment is inevitable and leaving it to the last minute could create real problems for their businesses. The figures are staggering. At the peak there will be 215,000 companies with a staging date in the 4th quarter of 2016/17! 

The volumes are high. Traditional pension providers are unlikely to help out. We are aware of financial advisors charging thousands of pounds to assist. The reality is that even if you go to a Financial Advisor for help if we are doing your payroll you will in all probability still need our assistance. We can help you with the whole process from start to finish. 

If you are interested in attending one of our seminars please contact us here. Please note there will be further seminars later in the year with the next scheduled for May.

If you have any queries about auto-enrolment please contact either Mark Friend or Andrew Grant.