Apex Accounting Solutions Ltd
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Auto Enrolment

Auto Enrolment is a government initiative designed to encourage more workers to put money aside for their pensions.  It will affect all businesses who employ people. Over the next two years the focus will be on small businesses.

All businesses, no matter how many people work who work for you or do work on your behalf, you will need to set up a work place pension scheme and auto enrol your workers into it.  

Do I Have To Do It?

Yes, if you haven't already had notification of your staging date (the date by which you have to have a work place pension in place) you will get it soon. The Pensions Regulator, the body set up to monitor compliance on this issue, are already handing out fines for companies who miss their staging dates. A fixed penalty notice of £400 will be issued, then a daily penalty can be applied of £50 to £10,000 depending on the number of people who work for you.

What do I need to do? 

The vast majority of SMEs will have their staging dates over the next two years. To find out yours,  click here and put in your PAYE reference. When you get it you will need to: 

  • Firstly comply! Do not bury your head in the sand. 
  • When you receive your letter with your staging date you can either register your details with The Pension Regulator,
  • OR you can contact Apex Accounting Solutions, who will act as your secondary contact, and manage the whole process on your behalf.
  • All you have to do is find a scheme which meets the needs of your business and your workers. 

Let Apex Accounting Solutions take away the administration burden and the ongoing day to day management of your work place pension whilst you take care of your business. 

Contact us here