Auto Enrolment and Workplace Pensions

If you are an employer, you have an obligation to automatically enrol eligible workers into a workplace pension scheme. And, as an employer, you are also required to contribute to the pension scheme (unless the employee has opted out).

The rules around auto enrolment are complex and require careful attention to detail to ensure you comply with your legal requirements. Our team are on hand, not only to offer advice, but to set up your pension scheme on your behalf. We’ll ensure your pension scheme is set up efficiently and that you are compliant with your legal obligations. Not only will this create peace of mind for you, but also for your employees.

Our team of experts will also ensure that your pension scheme is integrated with your payroll and accounting systems. At Michael King & Co, we pride ourselves on our very competitive and honest rates that we offer to all our clients.

Our Auto Enrolment and Workplace Pension Services

Assess Eligibility: Not all employees are eligible for auto enrolment. We will consult with you or your HR team to review your workforce and categorise your employees correctly.

Employee Communication: We provide clear and effective communications, informing your employees about their new pension scheme, including their rights, contributions, and benefits.

Compliance: Our team ensures that all your legal requirements are met, including timely submissions to The Pensions Regulator and accurate record-keeping.

Ongoing Administration: We offer continuous support to manage your pension payments. This includes processing contributions, handling opt-ins and opt-outs, and conducting regular reviews to ensure ongoing compliance.

Why do you have to have a Workplace Pension Scheme?

The UK Government introduced the automatic pension enrolment scheme in 2012, making it mandatory for employers to enrol their employees. The scheme was designed to encourage workers to save for their retirement and reduce the stress on the state pension system.

Although employees can opt out of the scheme, you are obliged to offer a pension and enrol them.

Workplace Pension Services in Stanmore

Based in Stanmore in Middlesex, we provide workplace pension support to our clients across London and the South-East. We also offer a comprehensive range of services, taking care of all your business’s accountancy requirements. Get in touch with us to find out how we can benefit your business. Call us today on 020 8954 5879 or send us a message.