Businesses that are most affected by the Auto Enrolment burden being imposed upon them by the Government and the Pension Regulator, are those that are classed as smaller employers and have less than 65 staff to look after, such as your business.
The reason that you are perceived to be hardest hit is that typically smaller businesses don't have the experience or the capacity to cope with the extra administrative demands. You must act now to ensure that you avoid costly last minute pit falls.
Who Needs Enrolling?
You must automatically enrol all staff who are:
– aged between 22 to state pension age
– working in the UK
– earning over £9,440 a year.
Some staff who don’t meet the criteria above are able to opt in to the pension scheme you’re using for automatic enrolment. You must put them in if they ask. You’ll have to pay a minimum employer contribution for all staff you put into this scheme.
Certain other staff can ask to join a pension scheme. You must put these staff in a scheme, but the rules are different and there’s no requirement for you to pay an employer contribution. It’s the age and earnings of a member of staff that determines what ‘type’ of worker they are and therefore what duties you’ll have for them.
Why use Heritage?
Heritage Auto Enrolment's solution is designed to help you meet the new responsibilities and duties imposed by the auto enrolment legislation with a minimum of fuss and disruption to your business.
If you choose NEST, the government’s solution, you’ll have to invest time and effort that would be better spent on building your business. NEST doesn’t support the extra administration and compliance burden, it simply provides access to a pension scheme. Find out more about your responsibilities here.
Heritage Auto Enrolment provides a complete solution you can rely on:
•We provide more support. We’ll make sure you comply with all your responsibilities without creating extra work. That’s not all. Our team is here to help you every step of the way.
•We know what we’re doing. We have been advising businesses of all sizes on the design and implementation of their pension schemes for years. The expertise we have built up created this unique solution for your business.
•We’ll look after your workforce. Your employees can benefit from a scheme we have established.
Heritage Auto Enrolment will make life easier for you today - and for your employees tomorrow.
Heritage Financial Solutions Ltd is Authorised & Regulated by the Financial Conduct Authority. FCA Number 618320. The information contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK. Please do not perceive any information on this website as advice, its content is purely for information purposes only.