What is Automatic Enrolment?
Automatic Enrolment was introduced by the government as a way of ensuring that all employees have access to a workplace pension scheme. It is a legal requirement which has been applied to larger businesses since October 2012, with all UK companies having to comply by 2018.
Under this law, employers are legally obliged to offer a workplace pension to all employees who are eligible for the scheme. This involves assessment of employees for eligibility and the subsequent enrolment of all eligible workers. With a company-specific Staging Date deadline and penalties for non-compliance, right now Auto Enrolment is an aspect of business that, as an employer, should rate high on your priorities.
Whether or not you have already launched Auto Enrolment, it is an on-going process involving:
- The continuous assessment of employees
- Navigation through the varying contribution levels
- The responsibility of keeping employees informed of the changes that will occur
- Supporting employees with the option to opt out of the arrangements
- The re-assessment that occurs every three years.
With various administrative obligations, deadlines to meet, and penalties for non-compliance, Auto Enrolment can be a time-consuming element of day to day business which can seem complicated and a burden on the limited resources of your company.
Where do Belgrave Payroll come in?
At Belgrave Payroll, we can manage your Auto Enrolment in conjunction with your Payroll, offering you a combined service so that you don’t need to go through third parties, waste HR time or pay for additional resources.
As a payroll provider, we will already have your employees’ data securely loaded on our database. This reduces disruption to your business, offering you one point of contact for all queries, whether they be Payroll or Auto Enrolment related.
Auto Enrolment Set Up
According to research published in April 2017 by The Pensions Regulator, only 21% of businesses with a staging date between May-November 2017 feel prepared for the workplace pensions reforms, with only 25% in the process of working out which of their employees are eligible for the government initiative.
Each business has a specific Staging Date to start the Auto Enrolment process, and missing that deadline could incur various penalties.
If you are worried about missing deadlines and are uncertain about the process of setting up for the scheme, we at Belgrave Payroll can help. For a set, one-off fee, we can take on the Auto Enrolment of your business.
Our Auto Enrolment Set Up service includes:
- Identification of your Staging Date
- Assessment of employees for eligibility
- Set up of your business and all eligible employees
- Support with the Declaration of Compliance
Auto Enrolment Management
Once your business has been set up with all eligible employees enrolled, we offer a cost-effective and time-efficient Auto Enrolment management service, taking on all the complexities of the government pension scheme for a set monthly fee.
The Star Payroll Professional software we operate with has a specialised Auto Enrolment module, with levels of automation and functionality unmatched by other payroll software. This allows for a fully integrated service, providing you with all the information required and making Auto Enrolment a natural extension of the payroll process.
Our Auto Enrolment management service includes:
- Assessment of new employees for eligibility
- Enrolment of eligible new employees
- Communication of Auto Enrolment notices, helping you to keep employees informed
- Calculation of contributions
- Processing of opt-ins and opt-outs
With our Auto Enrolment set-up and management options, we can provide you with an integrated package – taking the weight of the pension scheme off your shoulders whilst delivering a reliable payroll service.
Contact us for more information on how we can help you with the set up and management of the Auto Enrolment scheme.