Diese Präsentation wurde erfolgreich gemeldet.
Wir verwenden Ihre LinkedIn Profilangaben und Informationen zu Ihren Aktivitäten, um Anzeigen zu personalisieren und Ihnen relevantere Inhalte anzuzeigen. Sie können Ihre Anzeigeneinstellungen jederzeit ändern.

0

Teilen

Herunterladen, um offline zu lesen

A guide to auto-enrolment for small business owners

Herunterladen, um offline zu lesen

The deadline for auto-enrolment (enrolling your employees into a compulsory pension scheme) is coming closer for many small businesses. We worked with a professional accountant to put together this quick introduction to the auto-enrolment facts you need to know. It also contains a list of further resources where you can find more in-depth information.

Ähnliche Bücher

Kostenlos mit einer 30-tägigen Testversion von Scribd

Alle anzeigen

Ähnliche Hörbücher

Kostenlos mit einer 30-tägigen Testversion von Scribd

Alle anzeigen
  • Gehören Sie zu den Ersten, denen das gefällt!

A guide to auto-enrolment for small business owners

  1. 1. Clear Books Must reads | March 2015 A guide to Auto-enrolment for small business owners Discover the basics of what auto-enrolment means for you and your business over the next few years As a small business owner, you are most likely aware by now of the Government’s auto-enrolment workplace pension requirements. However, it can be a lot to take in, so we’ve produced this quick guide as a starting point for getting your business auto-enrolment ready.
  2. 2. Clear Books Must reads | March 2015 What is auto-enrolment? Automatic enrolment is a government initiative which aims to help people save more money for later life through a compulsory workplace pension scheme. This means that every employer, no matter what size, is legally obligated to provide a pension for all eligible employees. If your business does not adhere to these guidelines then you could face substantial fines or even prison. The scheme was first introduced in 2012 for large businesses and has gradually been rolled out to businesses with smaller numbers of employees. All businesses will be enrolled by 2017. Those who work in the UK, are aged between 22 and the state pension age, are not already in a pension scheme and earn more than a set threshold (currently £10,000 pa) must be automatically enrolled. Employees outside these criteria, aged between 16 and 75 and earning over a lower threshold (currently £5,824 pa), need not be automatically enrolled but may opt themselves into the scheme. It’s a key part of the scheme that, even if employees don’t want to be enrolled, you must first auto enrol them in your pension scheme and then allow them to opt out. If they still meet the criteria, these employees will be automatically enrolled again in three years time.
  3. 3. Clear Books Must reads | March 2015 Why is the government introducing auto-enrolment? The primary reason is that people who reach pension age often have not made sufficient provisions to top up their state pension. As people live longer and the percentage of pension-age people increases,the Government wants to encourage people to get into the habit of saving for the future. By the year 2031 more than 20 million people will be 60 or over, compared to 14.7 million today. What do we have to pay? Up until 30 September 2017 the total contribution that must be paid to the pension scheme is 2% of the employee’s earnings, of which the employer must contribute 1%. It is then proposed that these minimums will increase, for a year, to 5% and 2% and then increase to 8% and 3% from 1 October 2018.
  4. 4. Clear Books Must reads | March 2015 When should I auto-enrol my business? The exact date that your business is obliged to enrol depends on the number of employees and the date set is known as your “staging date”. Most small businesses (less than 30 employees) will be allocated a staging date between 1 January 2016 and 1 April 2017. The Pensions Regulator, who administers and regulates auto enrolment, will send a letter out 12 months before your staging date and it’s wise to set the wheels in motion at this time to give yourself enough time to prepare and ensure your business is ready. For example you will need time to find a suitable pension provider and make sure you assess and notify your employees in good time. If you have yet to receive your letter and want to know when your staging date is, follow the following link and enter your PAYE reference: http://tpr.gov.uk/employers/tools/staging-date.aspx
  5. 5. Clear Books Must reads | March 2015  www.clearbooks.co.uk  twitter.com/clearbooks  facebook.com/clearbooks  linkedin.com/company/clear-books On The Pensions Regulator’s website: • www.thepensionsregulator.gov.uk/employers.aspx • www.thepensionsregulator.gov.uk/employers/e-brochure/index. html • www.thepensionsregulator.gov.uk/employers/know-your-workforce. aspx • www.thepensionsregulator.gov.uk/employers/contributions-funding. aspx • www.thepensionsregulator.gov.uk/employers/planning-for- automatic-enrolment.aspx Others: • https://www.gov.uk/workplace-pensions • http://www.bbc.co.uk/news/business-19589265 What do I do next?  Ensure you know your staging date.  Engage the help of a dedicated pension provider or speak to your accountant or business manager who can give you help and advice.  Read these articles and resources for more indepth information:

The deadline for auto-enrolment (enrolling your employees into a compulsory pension scheme) is coming closer for many small businesses. We worked with a professional accountant to put together this quick introduction to the auto-enrolment facts you need to know. It also contains a list of further resources where you can find more in-depth information.

Aufrufe

Aufrufe insgesamt

516

Auf Slideshare

0

Aus Einbettungen

0

Anzahl der Einbettungen

199

Befehle

Downloads

3

Geteilt

0

Kommentare

0

Likes

0

×