Auto Enrolment is well underway, with thousands of employers already reaching their Staging Dates (the date at which you must begin to comply with the Auto Enrolment legislation). Those who fail to comply with Auto Enrolment legislation risk potential fines, which are becoming ever more frequent as we move to the mid-sized and smaller companies’ Staging Dates. Significant fines are currently being levied and there is little leniency being shown by the authorities.
Capacity Crunch
Over the next two years the Auto Enrolment market, including pension providers, financial advisers and payroll practitioners is expected to experience a ‘capacity crunch’, with thousands of companies ‘Staging’ each month. If you do not already have proper arrangements in place, it is important to consider this now before these providers become overwhelmed.
Why Shorts?
An efficient payroll service is crucial for the ongoing requirements of Auto Enrolment.
Shorts payroll can take on the administrative burden; assessing your employees at each pay point, creating the required communications to be provided to your employees, maintaining appropriate records and uploading pension information to your selected pension provider.
By combining Shorts Payroll and Shorts Financial Services’ expertise you benefit from:
- a solution that is bespoke for you, integrates with our payroll software, whilst minimising any increase to the ongoing payroll costs;
- a payroll team with a wealth of experience carrying out Auto Enrolment duties; and
- a smooth transition process, whereby work is carried out in the background, rather than you having to oversee every step of the process.
We have dealt with many companies who have reached their staging date, and are well placed to advise you through the process.
If you require assistance with any element of your auto enrolment, then please contact us without delay.
Jemma Jenkinson
View my articlesTags: Payroll
