Pensions auto-enrolment

enterpriSe Pensions Auto-Enrolment

The introduction of compulsory pension reforms for all workers requires auto-enrolment into pension schemes.

Our pensions software module automatically categorises the pension status (eligible / non eligible jobholders and entitled workers) and implements automatic postponement and enrolment with links to NEST, NOW, Welplan and Peoples pensions schemes. A continuous development programme ensures we are also one step ahead of any new legislation.

Here are some Pensions auto-enrolment Top Tips

• It is an offence for employers to encourage staff to opt out or to discriminate against potential employees on the grounds that they are likely not to opt out
• Plan & budget early. Prepare for additional costs (employer contributions, additional admin costs, upgrading payroll systems, collecting and paying contributions and retaining the required records).
• See if your existing scheme meets government requirements. Assess the advantages and disadvantages of different schemes. Look at the impact on retaining and recruiting employees
• Sort out a means of communicating with employees
• Make sure your payroll and HR systems are able to cope with any extra administration.
• You must register online with the Pensions Regulator within four months of your staging date to confirm you have fulfilled their obligations