As someone who provides accountancy services to employers, your clients are likely to ask you about Auto Enrolment and what this means for their business.
Auto enrolment will mean that all UK employers have to select a pension scheme for certain workers which meets the legal requirements. They should also ensure that they select a good quality scheme which protects the retirement savings of their workers.
This guide is for accountants who have clients that are legally required to set up a pension scheme and contribute to it in the near future. It provides some considerations on how you can help your clients take actions that are in the best interests of both their business and their workers.
1Find out your clients staging date
The date when the new law is 'switched on' for their business and the time frames involved. Act now to save money.
An overview of what they'll have to do on their staging date for everyone who works for them.
3How to automatically enrol staff
An explanation of the process they'll need to follow to automatically enrol their staff and the ongoing duties.
4The minimum employer contribution
Work out the minimum contribution for each person they'll need to automatically enrol. Understand the cost!
Thanks for the introduction, the adviser explained my duties as an employer and how best to prepare our business.
James ChurchillSynergy Accountants
Great advice! The pension adviser gave me concise, easy to understand information about my auto enrolment duties, thanks.
Neil WeaverAdvanced Auto Services
Great to understand what impact auto enrolment is going to have on our small business. Thank you, I'll be recommending you!