On 6 April the minimum amount employers must pay into workplace pensions is going up

On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying earnings, while staff will now contribute 3% – making a combined total minimum contribution of 5%. Automatic enrolment has so far put more than nine million workers into workplace pension schemes. All of Read more about On 6 April the minimum amount employers must pay into workplace pensions is going up[…]

Do I Need An Audit?

Some UK companies are required to have their annual financial statement audited, and others are exempt from the statutory requirement due to their size or (in a few cases) their nature. Organisations which fall below certain thresholds are usually exempt from audit, unless they are members of a group. The thresholds determining company size for Read more about Do I Need An Audit?[…]

Basic Auto Enrolment checklist

Auto Enrolment Checklist The legislation surrounding auto enrolment can be quite tricky when faced with an over whelming set of tasks, rules, regulations and jargon it is difficult to fully understand what is expected, of you. Well here is our 9 steps DIY Auto Enrolment Checklist. Know your staging date Confirm who to contact with Read more about Basic Auto Enrolment checklist[…]

Pension schemes – step by step guide for small businesses

A new step-by-step guide to help small businesses get ready for their automatic enrolment duties has been launched by The Pensions Regulator. The 11-step guide takes employers through the tasks they need to complete and includes the information they require to comply with the law. The online guide also contains information tailored for employers who Read more about Pension schemes – step by step guide for small businesses[…]

Don’t ignore your staging date!

Are you prepared? All employers are legally required to automatically enrol their employees into a qualifying pension scheme by their ‘staging date’. This is set according to the number of employees you have on 1 April 2012. Don’t be like Dunelm Soft Furnishings Ltd who missed its staging date and didn’t make the required pension Read more about Don’t ignore your staging date![…]