ma2 Chartered Accountantsma2 Chartered Accountants


Auto-Enrolment

Are you ready for Auto-Enrolment?

Pensions automatic enrolment is with us and the staging dates for smaller companies are on the horizon. Companies with less than 250 employees will be affected from 1st April 2014. Between 2014 and 2015, there will be on average over 3,000 companies per month having to comply with auto enrolment (known as staging), with heavy daily fines for missing staging dates from The Pensions Regulator.

Between 2015 and 2017, over 1 million companies will be staging, which is a staggering 51,134 companies per month.

Do not leave this until the last minute, or think “it doesn’t affect me” because anyone with a PAYE reference MUST comply and there are serious fines for non-compliance.

If you have the correct company pension structure in place, that’s great, but if you don’t it is important that you read on.

Whether you have an existing pension scheme or not, you absolutely must ensure that you comply with the government’s pension reform regulations. Not just any old pension scheme will do... it has to follow the new rules.

Following the rules not only means that your company pension scheme has to be in line with the regulations the government have put in place, but it also means that you have a duty to explain all changes to your staff so that they are aware of the situation!

The good thing is that we are here to help with this.

Our Auto enrolment services include:

  • Set up of NEST Pension Scheme
  • Operation of compliant Payroll

· Set up and training for Sage Payroll and Auto Enrolment

If you are unsure as to which Pension Scheme to choose, we can also arrange for you to speak with a Financial Adviser through ma2 Financial Services.

To find out more, contact us on 01253 862 220

Other info:

http://www.thepensionsregulator.gov.uk/automatic-enrolment.aspx

http://www.nestpensions.org.uk/schemeweb/NestWeb/public/home/contents/homepage.html

What size is
your business

We offer advice for businesses of all sizes. Choose below amd see if we can help you?

If you're interested in subscribing to our newsletter then subscribe here