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Workplace Pensions, also known as Auto Enrolment, is a government-mandated programme that requires all employers to set up a voluntary pension plan for their workers. You’ll have to analyse the workers every time they get paid, and if they meet the requirements, you’ll have to enrol them in the company pension.
To stay in compliance with the law, you’ll still have to make pension payments on their behalf and keep certain documentation.
Pension auto-enrolment is a government initiative requiring employers to automatically enrol eligible employees into a workplace pension scheme. Employers and employees must both contribute to the pension. It ensures workers save for retirement and helps businesses meet their legal obligations under UK pension regulations.
Auto-enrolment requires UK employers to place eligible employees into a workplace pension. This applies to workers aged 22 to State Pension age who earn above about £10,000. Both employer and employee must contribute at least 8%, and employers must re-enrol staff every three years.
We are pleased to provide the following services as part of our full Auto Enrolment solution to help you fulfil your obligations and relieve the regulatory burden:
Develop a pension plan that is suitable for you. We are pleased to assist you in setting up the scheme once you have selected a provider.
Ongoing responsibilities include assessing and reporting to employees, the pension provider, and The Pensions Regulator. We can manage these on your behalf.
We can advise on required pension deductions, make payments to the provider, and file all necessary paperwork, relieving you of the administrative burden.
Whether you are a small, medium or large business, you cannot avoid Auto Enrolment. Even if you employ just one person, you’re obligated to provide a workplace pension. Managing Auto Enrolment is a time-consuming process that adds additional costs to your business and uses up extra resources.
After all, there is a lot to do. Auto Enrolment involves assessing employees to determine who all are eligible, selecting a pension provider, and timely completing all the related tasks. The entire process can be cumbersome and stressful. And rushing through it at the last minute makes your business vulnerable to errors.
Even once you have completed your original staging date and set up your pension, the work doesn’t stop. You have to carry out re-assessments, recalculations, include opt-ins and exclude opt-outs. Moreover, keeping up with paperwork and maintaining clear records is also extremely arduous.
Carrying out these administrative tasks can keep you from focusing on core operations. Why risk that? dhPayroll is happy to take over Auto Enrolment responsibilities and free up your resources. We are a team of qualified experts that will be able to complete your monthly pension obligations alongside your payroll processing. You can rely on us to run your pension in line with Auto enrolment regulations , so Let us give you a helping hand to set up pension plans and processes.
To set up auto-enrolment, choose a qualifying pension scheme, assess your workforce for eligibility, and automatically enrol eligible employees. Ensure compliance by making required contributions and submitting information to The Pensions Regulator.
Outsourcing your pensions auto-enrolment allows you to stay compliant while we handle employee assessments, contributions, and reporting, freeing you to focus on your business.