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Bookkeeping and Accounting Services In Shropshire

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Auto Enrolment

What is Auto-Enrolment?

It is now compulsory for every company which runs a payroll to offer a workplace pension scheme. Entry into a pension scheme happens automatically when payroll is set up. This is known as the ‘staging date’.

Currently there is not enough in the “pension pot” for everyone to get a decent state pension when they retire, and only around 52% of the British population has a private pension to support them.

What employers must do:

To be eligible an employee must be:

The Pension Regulator!

The objectives of The Pension Regulator is to protect the benefits of the members, to promote and improve understanding and to maximise compliance.

For full information on Auto Enrolment https://www.gov.uk/workplace-pensions

The Hollies Bookkeeping Services are up to date with auto-enrolment. We have contacts with Pension Advisors who would be more than happy to discuss the auto-enrolment future with our clients and to assist in getting every one ready for their scheduled staging date. Once that our clients are satisfied with the pension scheme chosen, we at The Hollies Bookkeeping Services can help by implementing the scheme into the client’s Sage Payroll programme and process in the same manner as we do regular payrolls with RTI.