What is Auto-Enrolment?

The law on pensions in the workplace have changed. Each employer in the UK with at least one member of staff now has new duties, including enrolling those who are eligible into a workplace pension scheme and contributing towards it.

This is called automatic enrolment.

It is called automatic enrolment because it is automatic for your staff – they don’t have to do anything to be enrolled into your pension scheme, but it is not automatic for you. You need to take steps to make sure your eligible staff are enrolled into a pension scheme. Even if you already pay contributions into a pension scheme for your staff, you still need to check if it is suitable for automatic enrolment.

Completing auto-enrolment on your own can take some time – the Pension Regulator states on their website that you should expect to start looking at your duties between 6-9 months from your staging date, you are expected to:

  • Know your staging date
  • Assess who is being enrolled in to the staff pension scheme (and continue to know the difference between eligible, non-eligible and entitled workers based on salary, age etc)
  • Set up the pension scheme and integrate this with your payroll

If you do not have these things completed by your staging date you can be fined (the initial fine is £400!)

The good news is, we can help you navigate this completely, in an easy to understand manner and we can help do it quickly – meaning that you don’t need to take your eye off your day-to-day business.

About us

Signature Workplace Pensions specialises in helping the SME marketplace, all business entities, charities and their Accountants and Financial advisors to set up workplace pension schemes with great efficiency.

We work with professional firms to make sure the whole process is seamless from end to end and delivered in a quick and efficient manner to all involved.

We’ll deal with the entire process from start to finish which leaves you with a calm mind knowing that we handle everything and also that you will be compliant with The Pensions Regulator.

Contact us

We’d love to chat to you about how we can help.

Call us for a chat, we can give you some initial guidance, help you find out where you stand then you can decide if you like the sound of what we do, or even if you need us at all.

email us on  hello@signatureworkplacepensions.com

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Call our business development team on 0141 375 0501.

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We look forward to helping you out.