Auto enrolment is the most radical change to workplace entitlements since the introduction of the National Minimum Wage. Under new rules, employers are required to automatically enrol all eligible members of staff into a workplace pension scheme and pay a minimum contribution into the fund.
The latest figures indicate that millions of people are not saving enough to meet their retirement aspirations, suggesting that Britain is heading for a pensions shortfall.
Auto enrolment training sessions
To encourage more people to set aside money for their retirement, the Government is introducing compulsory workplace pensions for eligible workers. The measures are being phased in up until 2018, depending on the size of the business.
Rawlinsons P.I.P. pension specialists can advise companies about auto-enrolment including training sessions and guidance on what you should be looking for to ensure the best pension solution for your business.
Workplace pensions service
Rawlinsons Payroll & HR Limited provides a comprehensive payroll service which assists with your payroll and auto enrolment requirements. Depending on staff numbers, Rawlinsons payroll services start from just £35+ VAT per month. We can set up your workplace pension for a one off fee, and will then manage your auto enrolment administration going forward for a fixed monthly cost.
For more information about our payroll service, please contact us on 01733 865265.