Auto Enrolment Cedar + Co
WHAT YOU NEED TO KNOW…
Auto Enrolment (AE) is a hot topic at the moment, but do you know what it means for you, your employees and your business? Under the 2008 Pensions Act, every UK employer will be required to set up a pension scheme for employees and contribute towards it. Most small businesses are staging between 2016-18. Do you know when your staging date is? To check your staging date click here.
What is your staging date? Which pension scheme should you choose? Who qualifies? What are your legal duties? What are your deadlines? We can help you answer all of these auto enrolment questions and figure out a timeline to make sure you can tick every box required.
HOW CAN I AFFORD THIS?
Set up costs, advice costs, payroll costs, ongoing scheme costs… there is no doubt that auto enrolment will cost your business. However, we can help you to plan and budget efficiently to minimise the impact.
Auto enrolment isn’t the end of the process! Once you have completed your declaration of compliance you will still have ongoing duties towards your staff. From monitoring ages and earnings, dealing with requests to join or leave the scheme to keeping accurate records of what you have done, not to mention cyclical re-enrolment every 3 years. Don’t panic we can help!