Automatic Enrolment is required by the UK government to help people save for retirement.
Automatic Enrolment is a legislative requirement introduced by the UK government, and it is designed to help people save for their retirement and has created pension schemes within workplaces. Although some individuals opt out of their workplace’s scheme, most are enrolled automatically.
If your employee meets the following criteria, you must automatically enrol them into a pension scheme and make contributions.
Automatic Enrolment duties do not apply if a company or person is not considered an employer or if they meet one of the following criteria:
As with many things in life, you want to know if you meet the criteria before you decide. We can provide an instant assessment within a few hours of submitting your paperwork and give you a yes/no answer on whether we can help.
We have a dedicated team to help with the Enrolment into your Pension Scheme. Our team are fully trained in all aspects of auto-enrolment and will make this process simple, stress-free, and cost-effective for you.
Pearl Accountants will set up your payroll to connect with your pension provider so that payments for your staff are automatically transferred into your company bank accounts. This will ensure you have a seamless and efficient payroll system, helping you save time and reduce errors.
We offer to submit a return to your pension provider as one of our auto-enrolment services. If you are unsure whether you must submit a return or what you need to include, we can help you to ensure that all the necessary information is provided.
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Each employment is regarded individually for automatic Enrolment for those with more than one job. Individual schemes may still be avoided if desired. Each employer will determine if you are eligible to participate in their pension plan. If you are, you will be immediately enrolled in that company’s workplace pension scheme.
You should save for retirement and begin contributing to a pension plan since self-employed people are not automatically enrolled in a pension scheme.
If you are eligible for automatic Enrolment, your employer will sign you up for a pension plan and make payments to it. Even if your employer is not legally required to sign you up for their pension plan, you can still join.