Since 1st October 2012 companies have had to automatically enrol all eligible workers in a qualifying pension scheme and boost each worker’s contributions with contributions of your own.
It is essential to analyse your work force and establish what type of workplace pension or pension’s schemes you are looking to offer your employees and what the costs are to your business.
A no cost automatic enrolment report is available and the following data will be required on a excel spreadsheet:
This will enable Templar to inform you of your staging date, breakdown of staff eligibility and employer costs.
We can then guide you of options available to you if want to use our expertise and services or look at employer alternative workplace schemes.
Other options include Salary Exchange or offering your staff access to Independent Financial Advice initially and on an ongoing basis.
This will satisfy your requirements under the legislation and ensure that you are fully compliant.
Ongoing advice for employer and employee
*the FCA does not regulate Auto Enrolment
