What is Pension Automatic Enrolment?

The pension automatic enrolment scheme is designed to ensure that every eligible staff member in your business is provided with a pension scheme, unless they actively choose to opt out.

Your business will need to work out which of your staff are eligible, and make sure they are auto-enrolled by your staging date.

Our expert team will help you work out who is eligible and all of the associated accounting and calculations as part of the payroll service.

PENSION AUTO ENROLMENT

Using the Heelan Associates Payroll service, we can add the Pension Auto Enrolment service to help you:

  • Establish your Staging Date
  • Informing The Pensions Regulator of primary and secondary points of contact
  • Acting as your secondary contact
  • Establish which of your employees is eligible, and whether they have a right to join the scheme, opt in or must be automatically enrolled.
  • Calculate the contributions costs for your business
  • Accessing your declaration of compliance and completing scheme details
  • Enrolment of eligible employees
  • Confirmation letters for employees
  • Keep accurate records
  • Auto enrol new staff
  • Calculate deductions and payments through payroll
  • Submit monthly pension schedules to the pension provider, advising you how much to pay

 

Heelan Associates Financial Advisor Partners

We want to offer you the most complete accounting support for your business, and so
our carefully selected Financial Advisor partners can help you to:

  • Choose a suitable pension scheme for your staff
  • Understand the suitability of any existing pension scheme for auto enrolment
  • Better understand how the National Employment Savings Trust (NEST) works and if this is right for your business.

MORE SERVICES FROM HEELAN ASSOCIATES

CIS | Accounting | Book-keeping | Payroll | Tax Returns

More Information on Pensions Automatic Enrolment

Which Employees Are Eligible?

Workplace pensions are designed for workers between the age of 22 and their State Pension Age (SPA). Your staff can opt out if they already have a private pension, for example, but they can also opt back in at any time. Their entitlement is based on their age and how much they earn, not by the number of hours worked.

What Choice Do Employees Have Regarding Auto-Enrolment?

All employees have the right to join a workplace pension scheme, even if they earn below the minimum level at which you have to contribute.
At the next level of earning, they can ask to opt in, and you must put them into your automatic enrollment pension scheme.
If they earn over a certain amount each week (currently £192), you must auto-enrol them and pay regular contributions.
Your employees can also actively choose to opt out, for example if they already have a pension or feel they have sufficient provisions themselves. (Needless to say, it’s illegal to try and influence your staff to opt out from your scheme.)

When Do I Need To Start Enrolling Employees?

You legally need to start by a ‘Staging Date’, which is calculated using your PAYE ref by the Pensions Regulator. If you don’t have a PAYE scheme, your staging date will have been 1 April 2017.

How do I work out my staging date?

The Pensions Regulator have built an easy to use calculator.

Work Out My Staging Date

I pay a carer or a support worker. Do I need to auto enrol them?

Yes, if they earn more than £192 per week (currently), and you pay them directly and not through an agency. And yes, it’s a real hassle but you are technically an employer and you need to do this. Call us and we’ll help you get this set up and your carer/cleaner/support team enrolled.

HOW CAN HEELAN ASSOCIATES HELP MY BUSINESS?

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Visit our dedicated pages to find out how we can help businesses at all stages, from Start-Ups to Established Businesses looking for simplified accounting services.

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