Auto-enrolment will have a massive impact on all employers, but we can help you every step of the way.
Under new legislation auto-enrolment is designed to increase the level of retirement saving through the workplace and affects every employer in the UK. Businesses of all sizes must enrol their eligible employees in a workplace pension by a given date – their ‘staging date’. After this time, firms will need to regularly review their employees circumstances, and keep each individual updated and informed of their auto-enrolment pension situation.
The implications of auto-enrolment are huge for any business, no matter how big or small. There will be lots of issues to deal with – from employee engagement, through to setting up a pension scheme and deducting contributions from your payroll system for each employee, each and every month.
If your company hasn’t enrolled yet then time is running out and you could face financial penalties if you don’t comply fully at the right time or manage the scheme incorrectly.
You’d be right to think that auto-enrolment is a specialist and potentially complex business.
But don’t worry – professional help is at hand!
As independent financial advisers, Logic Wealth Planning have many years experience of advising clients on pension planning and we can provide you with you all the professional support, help and guidance you’ll need through every stage of the process, from the planning stage right through to implementation and management of the scheme once it’s up and running.
Please give us a call on 0808 1234 321 and we’ll be more than happy to help.