Workplace Pensions (Automatic Enrolment)
Workplace Pensions, otherwise known as Automatic Enrolment, has affected almost every UK employer both in terms of additional time spent on administration together with the financial cost of the pension contributions themselves.
We can advise you of your responsibilities as an employer and the requirements of setting up a Workplace Pension. Our flow chart gives details of the various stages you need to consider when setting up a pension scheme. Our Auto Enrolment charges, which we feel are very competitive, are also available. The fees start at £330 plus VAT for setting up a pension scheme for between 1 and 10 employees & rise for larger payrolls.
Work place pension helpsheet & fees
If you appoint us to process your payroll, and would like us to handle the time consuming paperwork that goes hand in hand with Automatic Enrolment, then there are various service levels available to you. You can therefore do as much or as little administration as you wish.
You don’t need to be a payroll client for us to be able to help you. If assistance is required we are here to help. We are a friendly team who try and translate the sometimes very complicated language of pension into something clearer.
The choice of which pension company to use is yours! You can opt for one of the most popular master trusts, (there are others), NEST (the free one), The People’s Pension (whose fee is cheaper if we set up the scheme for you) or NOW Pension (which has no set up fee, just monthly charges). Alternatively you can go for the more costly route of setting up a scheme with an insurance company. Whichever route you choose, between Edmund Carr LLP and our sister company E C Financial Services Ltd, we can help.
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