Auto Enrolment – Technical review

TA Boswell FPhe Government has introduced new legislation designed to help people save more for their retirement.

In conjunction with our friends at Alan Boswell Financial Planners, we are pleased to introduce a series of technical articles to assist you with the regulation and implementation.

 

All employers need to enrol their workers into a workplace pension. This process has already started with larger employers and a huge number of employers will be required to comply with automatic-enrolment (also known as auto-enrolment) legislation over the next few years.

Significant capacity issues are forecast, potentially limiting the support available to employers to enable them to meet their new duties.

Library of Technical Articles

1. Introduction & Overview

2. Qualifying earnings and assessment date

3. Contribution levels

4. Suitability, charges and funds

5. Communicating with your workforce

6. Next steps, data collection

7. Opting out

8. Opting in

9. Declaration of Compliance

10. Record Keeping

How can Mint MIS help your business?

A key challenge in preparing for Auto Enrolment for many businesses is the preparation and presentation of payroll data in the appropriate format, as required by the individual insurance companies. We at Mint MIS, can assist you in obtaining and understanding your payroll data through the direct extraction of the information you need from your payroll database. We will then take this data and turn it into the appropriate format for submission to the insurance companies for quotation purposes.

As providers of Sage payroll software which is fully compliant for auto enrolment, we can help set up and convert your existing payroll data, so that you can quickly and easily manage your auto enrolment pension scheme using Sage. Visit our store here to purchase Sage payroll.

 

Contact Alan Boswell for more information on Auto Enrolment

D Perry headshot
David Perry
Head of Employee Benefits
01603 218388
07760 162340
dperry@alanboswell.com

ifa@alanboswell.com
alanboswellgroup.com