Auto Enrolment
The law for workplace pensions has changed and has been rolled out gradually to employers to start their legal duties to comply with the new workplace pension rules. Employers organise the pension scheme for eligible employees to be automatically enrolled. Employees pay into their work place pension and their employer contributes a percentage.
Outsourcing to payroll providers can save you time understanding and managing these increasingly complex payroll duties. Bourne and Bargery Accounts are up to date on payroll requirements and can ensure your staff are paid correctly and calculate each individuals pension contributions – saving you time and hassle. We can work with your pension provider and handle the financial jargon to ensure smooth running of your pension scheme.
Pension Duties
- Jobholder assessments
- Orchestrate data transfers with pension provider
- Opt-out refunds
- Opt-in requests
- Contribution calculations
- Staging date or duty date postponement
- Jobholder postponement
- Jobholder communications
- Member data transfers to pension provider
- Contributions data transfers to pension provider
- 3 yearly re-enrolment processes
- The Pension Regulators (TPR) – Declaration of Compliance
- TPR – Communications
Providers
| NEST Pensions | The Peoples Pension | AVIVA |
| Legal & General | Smart Pensions | NOW: Pensions |
| Royal London | Scottish Widows | Aegon |
| Zurich | Friends Life | Standard Life |
| Blue Sky | Welplan |