Auto-enrolment is the new workplace pension initiative that the government has made compulsory for virtually all employers. With many of us living longer, the long term cost of the State Pension is becoming increasingly unaffordable and therefore the government have paved the way for obligatory contributions into workplace pension schemes.
All employers need to make appropriate arrangements and have an auto-enrolment scheme in place for their employees by their staging date. Early preparation is essential as well as early engagement with employees. Many employers may underestimate how much they need to do, both in the months leading up to their staging date and on every pay date afterwards on an ongoing, permanent basis.
At Chilvester, we can help you to understand the rules and your obligations, making sure that you have the right solution in place for your business and your employees along with ongoing advice and support.
Our service can be tailored to individual businesses and may include:
- Scheme design and setup
- Ongoing maintenance and support
- On-site and telephone support for member queries