Pensions Automatic Enrolment – Made Simple!
If you have got this far in the process of understanding Pensions Automatic Enrolment then you are going to take no persuading that it sounds daunting.
Just consider the multitude of jargon that surrounds it:
staging date, postponement, worker assessment, earnings assessment, eligible worker, non-eligible worker, entitled worker, opting out, opting in, re-enrolment, minimum contribution levels
…and that’s avoiding the really technical stuff!
But in reality the concept is quite simple:
The government, through The Pensions Regulator, is forcing employers to automatically enrol their employees into pension schemes into which both employee and employer contribute minimum amounts.
So how does that work?
Once you are up and running with Auto Enrolment there is a periodic process, matching your employees pay periods, where employee’s earnings are assessed and pension contributions calculated. The results of that assessment and those calculations are fed into the payroll processing and the resulting pension contributions are paid over to an appointed pension scheme.
As you can see the payroll process and the Auto Enrolment process are closely linked and the simplest solution is going to be one that ties the two most closely together.
Just as we do at Payplus.
So how does the Payplus auto enrolment solution work?
The service comprises:
- Managed payroll from Payplus
- Pension scheme provided by Smart Pension
- Automatic calculations and transfer of data between Payplus and Smart Pension
- Bacs payments of salaries, tax/NI and pension contributions
- All employee communications dealt with by Smart Pension
- All-inclusive per payslip price
- Low-cost set up fee
Your only responsibilities as an employer are:
- Providing the data for payroll processing
- Checking the payroll reports produced
- Authorising the payroll
Get your Auto Enrolment preparations underway now by calling 0800 018 0590 or emailing info@payplus.co.uk for more information.
Alternatively click here for a no-obligation quotation.
