Auto Enrolment Pensions are now a compulsory legal requirement for anyone employing one or more members of staff – no matter what industry or sector you operate in. If this applies to you and you need advice, we’ll be happy to help.
As part of the Pensions Act 2008, all UK employers must offer to enter staff into a ‘Work Place Pension’ scheme if they are:
Aged between 22 and State Pension age
Earning more than £10,000 a year
As an employer, you must also make financial contributions to the Auto Enrolment Pension scheme chosen by your staff. Fail to comply with these rules and your business could be forced to pay hefty penalties ranging from £50 to £10,000 a day.
Whether you’re a florist, building contractor, pub landlord or solicitor; if you employ at least one person you are classed as an employer – and it’s essential to know your legal obligations.
At Northern Accountants, we have helped a countless number of our clients and other businesses adjust to the new pension regulations by dealing with the entire process on their behalf. If you’re a busy business owner needing to know more about the different Auto Enrolment Pensions Services in Leeds and West Yorkshire, get in touch and find out how we can make your life easier.
Make the right decision for your company and staff, call our Auto Enrolment Leeds team on 0113 218 9552 and arrange a free pensions consultation now!