Auto Enrolment Wandsworth
Employers in the Wandsworth area are already complying with the Governments Auto-Enrolment Scheme by offering workplace pensions to their employees. However, new business owners may be just getting started. If this sounds like you or your organisation, why not contact Bookkeeping Synergy today to find out how we could help you integrate auto-enrolment into your existing procedures and processes?
Auto-enrolment – how much you’ll need to pay in
One of the most commonly asked questions about auto-enrolment is how much the employer will have to pay in to the scheme? Currently, the total contribution for each employee needs to be 8%. At least 3% of this needs to be paid by you, the employer. The remainder will be deducted automatically from your employee’s salary and paid directly into the scheme each month.
Contact Bookkeeping Synergy for support
Contributions will need to be worked out individually for each employee, and many Wandsworth employers are finding it’s beneficial to use the services of an auto-enrolment expert to ensure their contributions are calculated correctly and on time each month. At Bookkeeping Synergy we can review and amend your processes and procedures to enable this to happen.