The law on workplace pensions has changed. Every employer with at least one member of staff now has new duties, including putting those who meet certain criteria into a workplace pension scheme and contributing towards it. This is called automatic enrolment. It’s called this because it’s automatic for your staff – they don’t have to do anything to be enrolled into your pension scheme. But it’s not automatic for you. You need to take steps to make sure they’re enrolled. BBPS can ease the burden & set up a full AE package for your business.
What's changed?
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Who is affected?
Most workers in the UK are going to be automatically enrolled into a workplace pension scheme by their employer. From the date they’re automatically enrolled they’ll have a month to choose whether or not to ‘opt out’. If they do nothing they will be enrolled in the scheme. They will make contributions to their retirement fund from their pay for as long as they are employed, or until they take their money out.
When will auto-enrolment take effect?
New employer duties are being gradually introduced. They have already been applied to most organisations throughout the UK. The minimum contribution has been introduced at 2% of a worker’s pay. This will gradually rise to 8%.
How can we help?
As Auto-enrolment specialists our objective is to offer a holistic service to SME’s. Our aim is to ensure that SME’s are able to fulfil their new “Employer Duties” efficiently and with the minimum fuss. We will work with you to develop a solution which meets the needs of you and your employees.
The first steps . . .
The first step of this process will be to gather information about your business this will ensure that we understand all of the issues you are likely to have. From this position of strength we will create an implementation plan setting out a timetable for the key stages of the process.
Auto Enrolment Implementation
After an initial assessment of your workforce to determine your likely contributions, we will then recommend a suitable design for your pension arrangement, arrange the selection of a suitable pension arrangement, as well as a “Default Investment Strategy”. We will create and deliver an employee communication program, liaise with the chosen provider, and finally complete your “Declaration of Compliance” for The Pensions Regulator.
Aftercare
Automatic Enrolment means that Eligible Jobholders become members of the pension plan immediately. Employers will have to ensure their employees have information about the scheme and they will have to deduct pension contributions from the employee’s salary. Employees will be able to opt out but only after the first contribution has been deducted. All employers will have to ensure that they have a pension arrangement that complies with the new legislation. This can be an existing arrangement which may require some modification or a new arrangement.
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Just had a Forest Team Meeting. Staff were really complimentary about the service they are now getting from BBPS. Especially when BBPS manage the account, there is much quicker response times.
Referrals being picked up in 24 hours.
Staff thought Sam & Kelly were great to respond ("always get back to me") and easy to discuss & resolve issues.
I would like to thank you for making the transition from myself to being a managed account very easy, you have done the costing and explained any queries I have had and put my mind at ease. I promptly received all the necessary documents, data protection and GDPR form to check over and sign.
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Thank you once again for your professional service and knowledge.
The service I received from Barrie Bookkeeping has been excellent overall. When we were granted funding for my moms direct payment it soon became clear there was very little help and guidance out there around how this would all work practically. Luckily we were put in touch with Barrie Bookkeeping who explained everything that was required from us and how the process will work. There was an issue originally around personal contributions but BBPS helped us to sort all of this out so my mum's PA could be paid.
Barrie Bookkeeping have been great ever since and always ensure our payslips are submitted in the time for the monthly deadline. They have been a great help throughout the whole process of setting up payments for my Mom's PA.
Many thanks
I am the sister of a client who is now in receipt of a direct payment. My brother is not able to organise the paperwork side of things for the direct payment and requires assistance with this, which is where I stepped in.
I have to praise Sue for her patience, understanding and knowledge on the topic of direct payments and the whole process. From start to finish Sue has been amazing and has made me feel reassured, understood and listened to. I sometimes struggle to understand things and I can say that Sue explained the process clearly and took time to help me when needed. I had a lot of questions to ask and I never once felt as if I were bothering Sue or made to feel silly for asking lots of questions.
I want to say thank you to Sue and for all of her support, she is an asset to the team.
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