Upload
moorepayltd
View
830
Download
0
Embed Size (px)
DESCRIPTION
Ensure you are fully compliant with the Pensions Regulator by following our 7 step employers guide to Auto Enrolment. For more information visit www.moorepay.co.uk
Citation preview
Your short guide to Auto Enrolment…
Know your
staging date
This depends on the size of your business…
250+ Employees 50-249 Employees 1-49 Employees New Business
Oct 2012 – Feb 2014
April 2014 – April 2015
June 2015 – April 2017
May 2017 – Feb 2018
You can find your exact staging date on the Pensions Regulator website, www.thepensionsregulator.gov.uk
Assess your
employees
You will need to split your employees into:
Eligible Jobholders • Aged 22 to State Pension age • Earning from
£10,000
Non-eligible Jobholders • Age 16 to 22 or
State Pension age to 75
• Earning between £5,772 - £10,000
Entitled Workers • Aged 16 – 75 • Earning up to
£5,772
You must continually assess your employees every pay period…
Provide a qualifying Pension Scheme
Your scheme must automatically enrol eligible jobholders…
• Ensure any employee can join
• Allow jobholders to opt out
• Provide minimum contributions
And your scheme must:
Inform your
workforce
You must inform your employees in writing about Auto Enrolment
• How Auto Enrolment affects them
• How they can opt-out
• How they can opt-in
Including:
Enrol eligible jobholders
You need to provide employee details to your Pension Provider and ensure they are active members of your scheme
• Name • Gender • Date of birth • Auto Enrolment date • Home address • NI number
• Postal work address • Work email address • Personal email address (if known) • Qualifying earnings • Both employee and employer contributions
Maintain records
You’ll need to register with the Pensions Regulator and maintain records for at least 6 years
Contribute to your workers’ pensions
The total minimum contribution starts at 2%
2% contribution 5% contribution 8% contribution
Oct 2012 – Sept 2017
Oct 2017 – Sept 2018
Oct 2018 onwards
Auto Enrolment can be complex.
But there’s an easier way…
103 man days to prepare
33 new employer
tasks Average set up cost of
£8,900 for <100 ee’s
…5 easy clicks to Auto Enrolment
Visit us
moorepay.co.uk