Auto Enrolment
We provide a complete suite of auto-enrolment and workplace pension solutions, guiding your business from the initial planning stages to full implementation.
Since the introduction of automatic enrolment legislation, all companies in the United Kingdom have a legal obligation to provide a qualifying pension plan for their eligible employees.
We have helped numerous business clients establish compliant pension plans, and our team is dedicated to being with you every step of the way. We oversee your company’s implementation and manage the ongoing impact that the workplace pension scheme has on your payroll and administrative systems.
Understanding Auto Enrolment: Who Does It Apply To?
Historically, many workers missed out on valuable retirement benefits because their employers did not offer a scheme or they simply did not apply to join. Automatic enrolment has changed this landscape by making it compulsory for employers to enrol their eligible workers into a pension scheme and make regular contributions.
By law, every employer must enrol workers into a workplace pension scheme if they meet the following criteria:
- Age Requirements: The worker is aged between 22 and the State Pension age.
- Earnings Threshold: The worker earns more than £10,000 per year.
- Location: The worker is based in the UK.
Even if your staff do not meet these specific criteria, they may still have the right to opt into a scheme, and you must understand your obligations regarding their requests.
Comprehensive Pension Support and Implementation
Navigating the requirements of The Pensions Regulator can be a daunting task for many business owners. At Keirstone, we simplify this process by providing extremely competitive, all-inclusive auto enrolment packages. Our services include:
- Strategic Auto Enrolment Planning: Helping you understand the financial impact of pension contributions on your business cash flow.
- Scheme Selection Advice: Guiding you in choosing the right pension provider and package that suits both your business and your employees.
- Payroll Integration: Ensuring that your payroll software is fully configured to handle pension deductions, employer contributions, and the generation of necessary reports.
- Ongoing Compliance Management: Managing the cyclical re-enrolment process every three years to ensure you remain compliant with statutory requirements.
- Employee Communications: Assisting with the statutory letters and notifications that must be sent to your staff during the enrolment process.
Auto Enrolment And Who Does It Apply To?
In the past, many workers missed out on valuable pension benefits, because their employer didn’t offer them a pension, or they didn’t apply to join their company’s pension scheme.
All companies now have a legal obligation to provide a pension plan for all employees. Every employer MUST enrol workers into a workplace pension scheme if their staff are:
- Aged between 22 and the State Pension age
- Earn more than £10,000 a year
- Work in the UK
Automatic enrolment has changed this. It makes it compulsory for employers to automatically enrol their eligible workers into a pension scheme. The employer must also contribute to the scheme.
We can assist and guide your business with:
- Auto-enrolment
- Compliance
- Choosing the right pension package
- Contributions
- Integrating into your payroll
Why Technical Accuracy Matters for Pensions
The Pensions Regulator has significant powers to issue fines and penalties to businesses that fail to meet their auto enrolment duties. These penalties can be substantial and often increase on a daily basis for non-compliance. By utilising Keirstone’s professional services, you ensure that your pension records are accurate, up to date, and audit-ready.
We utilise modern accounting and payroll technology to make the integration of pensions into your daily business operations as seamless as possible. Our dedicated managers are always available to offer advice and ensure that your business meets its legal obligations with minimal effort on your part.
Are you unsure about your auto-enrolment duties or looking to set up a new workplace pension?
Contact Keirstone today to find out more about our tailored pension advice services and ensure your business is fully compliant.
Why choose Keirstone Accountants?
Start Up Specialists
Our services are crafted with the unique needs of startups and scaleups in mind. From day one to IPO, we’re here for every step of your financial journey.
Risk Free Scaling
Start with what you need and expand as you grow. Our scalable bookkeeping solutions provide real-time insights for smooth, sustainable growth.
Transparent Pricing
No hidden fees or surprise bills. Our clear, upfront pricing means you always know what you’re paying for, giving you confidence and control over your financial planning.
Tech-Forward
As Xero Partners, we’ll help you to utilise the latest in accounting tech for seamless integration and real-time insights, helping you stay ahead with minimal effort.
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Fixed Pricing
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