Auto Enrolment Edenbridge
Auto enrolment is part of a new government initiative to help more people save for retirement by paying into a workplace pension. If you’re an employer in the Edenbridge area, you’ll be affected by auto enrolment and may have many questions about your duties and obligations under the new scheme.
You should already have been contacted with information about when your Edenbridge company or organisation needs to be offering auto enrolment to your employees – this is called the ‘staging date’. If you’re not already providing a qualifying pension scheme to your staff, you’ll need to do so by this date.
If you haven’t yet reached your staging date and aren’t sure what to do next to get ready for auto enrolment, here are some things you should do:
- review what you already offer – if your Edenbridge firm already offers a workplace pension scheme it might already meet the standards required by government, so you might simply be able to provide auto enrolment to your qualifying staff
- decide how you want to manage your scheme – many companies choose to use an external company to set up and manage their pension, as well as assessing staff. If you require help with this please contact us at Bookkeeping Synergy.
- make the necessary changes to your processes and paperwork – this is particularly important for payroll, as you’ll need to ensure the staff who qualify for auto enrolment have the right payments taken from their wages, as well as paying in your contributions at the right time.