Before we start, let's take a look at the complexity of the automatic enrolment process.
Automatic enrolment is here. By now, the majority of companies will have passed their staging date and for the rest, it will be fast approaching. By the end of 2018, all UK employers will be automatically enrolled.
For many, this is a leap into the unknown and the administrative burden is too much to cope with. It is estimated that the administration involved is as much as up to 80% of a full time employee's workload.
For small businesses like yours, the cost of this may not be viable.
The day to day legislation requires great detail and gets much more complicated the more employees you have. For companies with staff whose pay fluctuates on a monthly basis or who work part-time, ensuring full compliance with the scheme could be a potential nightmare!
The fines for non-compliance can be huge and hence avoiding these is a must.
We are helping all of our clients through the automatic enrolment process by ensuring they are fully compliant before their staging date. We answer any questions our clients have and correspond with the Pensions' Regulator with any changes in circumstances on their behald.
f you feel lost or feel you may not be compliant, we are here to guide you through the process and ensure full compliance.