IS THIS RELEVANT TO YOU?
WHAT IS AUTO ENROLMENT?
Automatic Enrolment is a legislative requirement introduced by the UK government, and it is designed to help people save for their retirement and has created pension schemes within workplaces. Although some individuals opt out of their workplace’s scheme, most are enrolled automatically.
Auto Enrolment eligibility
If your employee meets the following criteria, you must automatically enrol them into a pension scheme and make contributions.
The employee is considered a “worker.”
The employee is between the ages of 22 and the State Pension age.
The employee earns at least £10,000 yearly.
EXEMPTIONS
Automatic Enrolment duties do not apply if a company or person is not considered an employer or if they meet one of the following criteria:
You run a one-person business with no other employees.
Your company has a lot of directors, but none have a job contract, and there are no other employees.
Your company has a lot of directors, but only one of them has an employment contract.
Your business is no longer in business and has been dissolved.
You no longer hire people to work in your home (cleaners, nannies, personal care assistants, etc.).
HOW WE WORK
ASSESS FOR ENROLMENT ELIGIBILITY
As with many things in life, you want to know if you meet the criteria before you decide. We can provide an instant assessment within a few hours of submitting your paperwork and give you a yes/no answer on whether we can help.
REGISTRATION WITH PENSION SCHEME
We have a dedicated team to help with the Enrolment into your Pension Scheme. Our team are fully trained in all aspects of auto-enrolment and will make this process simple, stress-free, and cost-effective for you.
SETUP INTEGRATION WITH YOUR PENSION PROVIDER
Pearl Accountants will set up your payroll to connect with your pension provider so that payments for your staff are automatically transferred into your company bank accounts. This will ensure you have a seamless and efficient payroll system, helping you save time and reduce errors.
SUBMIT RETURN TO YOUR PENSION PROVIDER
We offer to submit a return to your pension provider as one of our auto-enrolment services. If you are unsure whether you must submit a return or what you need to include, we can help you to ensure that all the necessary information is provided.
SOFTWARE PARTNERS
WHY CHOOSE US
Industry Specific
Right from the beginning, our accountants regulated, provide guidance tailored to your industry and accounting software preferences, from business structure to tax planning.
Grow Your Business
We understand that every company is unique and thus we create customized strategies to meet your specific requirements, objectives and schedules, while delivering impartiality and guidance.
Integrate all your Software
We offer a wide range of software solutions, including bookkeeping, productivity, and stock management, to cater to our clients' business needs.
"We don't expect you to do the bookkeeping."
Compass & Partners takes care of bookkeeping for all clients, so you don't need to worry about entering receipts and bills.
All In One Package
Our comprehensive range of services caters to all your business needs, including bookkeeping and legal counsel, ensuring the success and sustainability of your company.
OUR SERVICES
FREQUENTLY ASKED QUESTIONS
Each employment is regarded individually for automatic Enrolment for those with more than one job. Individual schemes may still be avoided if desired. Each employer will determine if you are eligible to participate in their pension plan. If you are, you will be immediately enrolled in that company’s workplace pension scheme.
You should save for retirement and begin contributing to a pension plan since self-employed people are not automatically enrolled in a pension scheme.
If you are eligible for automatic Enrolment, your employer will sign you up for a pension plan and make payments to it. Even if your employer is not legally required to sign you up for their pension plan, you can still join.
We're here to assist you!
We have a team of experts who are dedicated to providing you with comprehensive accounting and taxation services all under one roof. Our main focus is to ensure that we keep you up-to-date and well-informed throughout the entire process, while also offering you a hassle-free and cost-effective solution for all your financial requirements.
