The Government has introduced a new law that requires all employers to enrol their workers into a Qualifying Workplace Pension Scheme.
Many employees in the UK will have access to a workplace pension scheme for the first time. Some employees will be automatically enrolled dependent upon age and earnings. Other employees will have the option of joining their employer’s scheme.
As employers, what do you need to know? What do you need to do?
Understand your duty to comply with legislation as set out by The Pensions Regulator.
Plan in plenty of time to ensure you meet your staging date and avoid costly fines.
Decide which pension scheme is right for your employees.
Determine the status of your workers.
Manage a communication process with your employees.
Manage the enrolment and contribution processes.
Manage all the associated administration and record keeping in order to remain compliant.
How Clarity HR can help.
Time is money - our HR Service has the knowledge and expertise to work through any or all of the above steps in an efficient and bespoke way. We are sensitive to different cultures and working environments and can reduce the time and costs associated with trying to work this through for yourselves.
Using Auto-Enrolment Software Solutions
Using an online programme to set up and manage your workplace pension programme can save your business time and money.
We recently met with Fiona Cowie, CEO of AE Wizard, to learn more about their auto-enrolment solution.
AE Wizard is an intuitive online programme that can help make your business pensions-compliant, without the stress. They are even offering a free trial to help you get to grips with the programme.