Our
Auto
Enrolment
Services

Complete Auto Enrolment Service, from Planning, advise to Implementation and maintenance.

A Complete
Auto-Enrolment Service

Welcome to Fusion Accountants Auto-Enrolment Service, a complete solution from planning to completion. We have helped hundreds of businesses meet the Auto-Enrolment compliance and provide advisory on how best to setup their structures.

What is Auto-Enrolment & who does it apply to?

Auto-enrolment was put into place by the UK government through the Pensions Act 2008 in an attempt to put all workers in pension schemes. The government project requires all employers in the UK to put their staff into pension schemes in order to contribute to the employee’s pension scheme.

You must comply with the Act if you own a business that employs one worker or more, you’ll need to:

  • Set up a workplace pension scheme that meets the new rules
  • Automatically enrol all eligible workers
  • Pay contributions into the retirement pots (pensions) of eligible workers
  • Enrol other workers if they ask to join the scheme

Our Service

Welcome to Fusion Accountants Auto-Enrolment Service, a complete solution from planning to completion. We have helped hundreds of businesses meet the Auto-Enrolment compliance and provide advisory on how best to setup their structures.

Planning

Unless you are already late in the process, businesses should ideally start planning as early as possible to ensure a smooth implementation.

At this stage your dedicated accountant will work closely with you to understand your staging date (date when you are obliged to comply with legal to auto-enrol all or some of your eligible staff). We can help postpone your staging date by up to 3 months if required.

You can find out more about your staging date through here. https://automation.thepensionsregulator.gov.uk/reenrolmentdate

At this stage we will also identify your eligible employees or entitled employees to determine who needs to be enrolled.

How to determine Auto-enrolment eligibility criteria

  • Eligible jobholders must be members of a qualifying scheme or auto enrolled into an auto enrolment scheme.
  • Non-eligible jobholders must have the option of opting into an auto enrolment scheme.
  • Entitled workers must be given access to a pension scheme.

At this stage we will also identify your eligible employees or entitled employees to determine who needs to be enrolled.

  • Collect key information from employees
  • Determine you Payroll and HR Process
  • Review Employee contract for any legal issues
  • Identify and select key points of contacts

We will also work with you to ensure you understand your responsibilities as an employer and your employee responsibilities.

Employer Duties/Impact Employee Duties/Impact
Legal duty to write to all your staff individually to explain how auto enrolment applies to them (templates attached in appendix) Has the right to Opt Out or In
Must pay a minimum percentage of your ‘qualifying earnings’ into your workplace pension scheme Must pay a minimum percentage of your ‘qualifying earnings’ into your workplace pension scheme
Reduced Profit due to contributions Joining a workplace pension scheme means that your take-home income will be reduced
Deductible expense & not subject to NIC payments. Employee benefit increased Mean you’re entitled to tax credits or an increase in the amount of tax credits you get
Give information to the pensions regulator about how you have met your auto enrolment duties every three years Mean you’re entitled to an income- related benefit or an increase in the amount of benefit you get
Submit employee data every pay period to pay their contributions to the Pension Regulator Reduce the amount of student loan repayments you need to make
Monitor employee’s ages and earnings to see if any one needs to be auto-enrolled

Select Your Pension Provider & assess Costs

It is important to understand all the costs associated with choosing your Pension provider and the type of Pension you invest in. At this stage, you will need to choose your Pension provider.

We will provide advice and calculations to help you make that crucial decision.

You dedicated accountant will be able to help you understand your minimum legal contribution levels & how its impact on your payroll costs.

Minimum and Maximum contribution Levels

The goverment has outlined the minimun percentage of contributions that an employer and an employee will need to contribute and this will increase over time. The current minimum is 2% of qualifying earnings of which the employer must pay 1% and the employee must pay 1%. Below is a table outlining the phased is approach for when contributions will increase.

At this stage we will also start the necessary communications that need to be made to your employees. We will provide the appropriate templates, legal advice and plan on how to tackle with any issues that may arise. These communications must be made within 6 weeks of staging date or new employee joining.

Finally, we will start ensuring that your payroll software can be efficiently integrate with Pension provider, implement new process to ensure smooth and easy running and maintenance of Auto-Enrolment. This is crucial where employees are paid on a weekly basis rather than monthly with tight turnaround deadlines.

Exemptions from Auto-Enrolment

Automatic enrolment duties don’t apply when a company or individual is not considered an employer.

You won’t have any duties if you meet one of the following criteria:

  • You’re a sole director company, with no other staff
  • Your company has many directors, none of whom has an employment contract, with no other staff
  • Your company has many directors, only one of whom has an employment contract, with no other staff
  • Your company has ceased trading
  • Your company has been dissolved
  • Your company has been dissolved
  • You no longer employ people in your home (cleaners, nannies, personal care assistants, etc.)

What you can expect from our services

Getting your pension setup right is critical, that’s why you will get a Qualified Accountant to help with the setup process. Over the years we have helped hundreds of business setup their pension schemes and have realised the complication this process can bring, we feel having a dedicated one point of contact helped our clients manage much more effectively and efficiently.

Meet Our Pension SPECIALIST

Lorem ipsum dolor sit amet consectetur adipiscing elit donec enim velit luctus id cursus nec laoreet eget tellus Ut in elementum dui. Fusce dictum sed sem porta.

Maria Smith

Trainee Sales Executive

Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat.

Follow Us:

Leave A Message

We will endeavour to reply within 24hrs.

Leave A Message