As you are probably aware, notably with the radio and television adverts, Auto Enrolment is now well under way. In the second half of 2016 we will be moving in to a period termed the ‘Capacity Crunch’ at which point thousands of employers will be reaching their Staging Date, many of whom will require assistance and advice.
Given the landscape that we are approaching we recommend that companies seek advice and put their Auto Enrolment solution in place as soon as possible. Implementing your own solution is not something that should be left until the last minute.
There are a great many factors to consider when creating your own plan, from the composition of your workforce, to the selection of an appropriate contribution basis and subsequently a pension scheme that can facilitate your design and is suitable for your employees.
One of the hot topics currently is how tax relief is provided by the selected pension scheme – if the wrong selection is made, employees could miss out on valuable tax relief.
Shorts offer an in-house approach which can integrate Auto Enrolment with payroll services, if required, and is designed to meet all of your initial and ongoing Auto Enrolment requirements. Shorts also offer a number of service levels to provide the advice and assistance that you need, based upon your own circumstances and objectives.
If you feel that you want a helping hand navigating your way through this legislation please contact us on 01246 559955 to organise an initial meeting.
Ryan Qualters
View my articlesTags: Payroll
