Have you heard about Auto-Enrolment? More importantly, do you know what this means for your business and the effect it will have?
If not, you’re not the only one!
In a recent survey conducted by HW Fisher & Co. 67% of small businesses didn’t either.
The definition of Auto Enrolment by The Pensions Regulator, quite simply, is this:
“UK employers have to automatically enrol their staff into a workplace pension if they meet certain criteria. The law on workplace pensions has now changed and every employer must comply.”
If you have just one other employee apart from an Owner/Director you will have to comply with these new regulations. This is regardless of whether your business is a sole trader, partnership or Limited Company. From our experience both employers and accountants either have no knowledge of these new regulations or think that it’s still a long way off and have plenty of time.
Here at Shefford Accountancy we have realised that time is of the essence and, in order for employers to be fully compliant, they need to be planning for Auto Enrolment sooner rather than later.
We are fully up to date with all the new regulations and are able to offer a complete package. This includes the set up of your choice of pensions scheme, registration, assessment of workforce and all the continuing compliance and payroll processing.
Please contact us for a free 1 hour consultation to see how we can deal with this new regulation for you so you don’t have to.
You can find out more information about auto-enrolment from these links;