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Auto-Enrolment

Automatic Enrolment

Automatic Enrolment is the biggest change with regards to business’ making compulsory pension contributions. Certain employees are automatically enrolled in the pension scheme, although they can choose to opt out if they want to. Other employees who are not automatically in the scheme can join.

Auto-Enrolment covers cleaners to consultants, if they work for you and fulfill the requirements they must be automatically enrolled in the scheme.

Companies will need to register with an appropriate pension provider who conforms to “Auto-Enrolment”. Beauchamp Charles works closely with providers who provide a comprehensive and quality service.

Under the Pensions Act 2008, every employer in the UK must put eligible staff into a pension scheme and contribute towards it. This is called “automatic enrolment”

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Beauchamp Charles can help you with the following main tasks for Auto-Enrolment.

  • Register with an appropriate Auto-Enrolment Pension Scheme

  • Keep specific records and payment information accurately

  • Check you contribute to your staff pension scheme correctly and on time, failure risks you being fined by the regulator

  • Communicate when needed with pension provider

  • Calculate deductions & contributions from your staff’s salaries and advise on how to pay these and your contributions over to the scheme on time and accurately

If you employ at least one person you are an employer and you have certain legal duties.

Company Contributions Amounts

The amount you must contribute to the pension scheme is determined by the scheme’s rules. However, if you’re using the scheme for automatic enrolment there are minimum contributions you must pay.


See below for the minimum contribution:


Date Employer minimum contribution Total minimum contribution
Employer’s staging date to 05/04/18 1% 2% (including 1% staff contribution)
06/04/18 — *05/04/19 2% 5% (including 3% staff contribution)
06/04/19 onwards 3% 8% (including 5% staff contribution)

All the above dates are proposed and  subject to Parliament approval

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Beauchamp Charles can set up or take over your existing Auto-Enrolment Pension in the Work Place Scheme.

 

Contact Beauchamp Charles today for an informal free initial consultation

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What our clients say

Dakins Property Services

Great Results, Personable, High Integrity

Choice Events Limited

All at Beauchamp Charles are very helpful, approachable and easy to talk to. They keep me informed with key dates; I can feel totally confident that I won't ever miss any deadlines! Whoever I deal with, always deal with matters professionally and efficiently and if they are unavailable they get back to me promptly.

FT leisure Ltd

I have worked with Beauchamp Charles as our management accountants for over 20 years and have never received anything less than exceptional service. Their approach is both professional and personal. Finances and particularly tax strategies are a minefield for small businesses; Beauchamp Charles have in-depth knowledge of these area, which is comforting. They pay very close attention to our business activities and have provided financial strategies that have helped our company develop.

Fredrick Thomas Electrical and Maintenance

We have used Beauchamp Charles since company formation back in 1998. Beauchamp Charles offers us a one to one service as they are small enough to offer this dedicated service and large enough to do the work and offer best advice. They get to know us as individuals and a business, always giving sound advice. Frederick Thomas Electrical are in a stronger place thanks to the service we get from them.

Barnes Walker Landscapes Limited

We are a small business and had employed the same accountancy firm for many years. Two years ago we took the decision to switch to Beauchamp Charles after several othe local businesses recommended them very highly to us. We have not been disappointed with the service they have provided to us over these last two years.