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Pension Auto Enrolment - Nearer to staging date than you think?

Providers are already under pressure to cope with the demand and are starting to be very choosy as to which employers they accept. The only provider that has to offer you a scheme is NEST and this may not be your best option

We recommend you start to engage with Auto Enrolment at least 12 months prior to your staging date to ensure you comply – hefty fines will be levied on those that don’t !

Rowlands and Hames can help you through this difficult journey. We will :

  • Assess your workforce
  • Review any current Scheme
  • Design a solution
  • Advise on suitable providers
  • Implement your scheme
  • Help with the on-going running of your scheme

Additionally we will advise you on the implementation of postponement and the use of salary exchange

Who will be enrolled into a workplace pension?

Employers will have to automatically enrol workers into a workplace pension who:

  • are not already in a qualifying pension scheme
  • are aged 22 or over
  • are under State Pension age
  • earn more than £9,440 a year (this figure is reviewed every year), and work or usually work in the UK.

For further information, please contact:

 

Andrew Farnworth ACII on 01253 598952
or email andy@rowlands-hames.co.uk

Tagged with: Auto Enrolment, Workplace Pension


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