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A guide to auto enrolment Warrington for small businesses

Since 2012 auto enrolment Warrington has been used for many thousands of employees in workplace pension schemes by many local employers. To make sure your company gets Warrington auto enrolment right and does not end up with a fine, we have put together our guide to auto enrolment Warrington for small businesses.

 

Auto enrolment guide for small businesses 

Between 2016 and 2018 a further 1.8 million companies will reach their staging dates, most of them small employers with 30 or fewer employees.

The Public Accounts Committee has stressed that while the process has been a success so far, the “real test” lies ahead as smaller employers begin to enrol staff.

The Committee also expressed concerns about the “potential burden” being placed on employers with fewer administrative resources as a result of the introduction of measures such as the national living wage and the apprenticeship levy.

Autumn Statement 2015

In George Osborne’s Autumn Statement there were few big surprises and headline grabbing announcements we’ve recently come to expect.


In a combined Spending Review and Autumn Statement, changes to government departmental budgets dominated the Chancellor’s speech.

Day-to-day spending of government departments will fall by an average of 0.8% a year in real terms.

The transport (37%), energy (22%) and business (17%) departments are facing the largest cuts. The core administration budget for culture, media and sport will fall by 20% but there will be increased funding for the Arts Council and sport.

NHS spending in England will increase from £101 billion in 2015/16 to £120 billion by 2020/21, including £6 billion next year. It is also expected to make £22 billion in efficiency savings in the next 5 years.

The economic news was largely positive. The combined effect of better tax receipts and lower debt interest has resulted in a £27 billion improvement in public finances compared to July.

The government will borrow £8 billion less than forecast and aims to have a budget surplus of £10.1 billion by 2020.

GDP is forecast to grow by 2.4% this year and has been revised up from July to 2.4% in 2016 and 2.5% in 2017.

Apart from the economic update, the Chancellor did announce some measures that will affect businesses and individuals. The following report summarises the announcements made by Chancellor George Osborne during the 2015 Autumn Statement on Wednesday 25 November 2015.

Get a FREE Workplace Pension scheme for your business

In 2016 most of the UK smaller companies (SME’s) will have to launch a Workplace pension scheme for their employees.

Enter our our FREE draw.

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They can’t delay having the scheme set-up and in place, otherwise the Pensions Regulator will issue the company with a £400 fine for non compliance. This rises each day that the failure continues. We want to take the headache away for company directors, so we are offering you the chance to WIN your pension scheme set-up for FREE.

Workplace Pensions

Workplace pensions for your business.  When it comes to ensuring your employees are “all in” you need to get sound independent advice.  Why?  Simple, you can set the company scheme up on the wrong contribution basis and be paying far too much every month.  Going to one of the big nationals won’t help you either as they won’t give you the advice you need, they simply process your application.

Don’t get this wrong, it will cost you more and leave your employee frustrated at the lack of information you give them.

Setting up your scheme can be done in various ways, some calculated methods will increase your costs each month.  Get our advisers to assess your payroll to chose the right one for your business.

Why do you look at a pension as one part of the employee reward strategy.  It’s tax efficient for your business too, as pension contributions attract corporation tax reductions as a genuine business expense.

Contact our workplace pensions specialist advisers today for friendly help and advice.

Auto Enrolment – Things to Avoid

Auto enrolment – Things to avoid.

We have come a long way since the government’s introduction of Auto Enrolment with over 43,000 employers staged so far.  It is estimated, however, that 45,000 employers are still to stage this year and a further 1,000,000 next year and beyond.  So what can employers approaching their staging date learn from those that have already been through the Auto Enrolment process?  We have summarised the main areas where businesses have previously failed:

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