Workplace pensions administration
Under the Pensions Act 2008, all employers in the UK are obliged to operate a workplace pension scheme and enrol staff on to it automatically. Hence ‘auto-enrolment’. You also have to contribute to it in line with rates set by the Government and revised most years.
As part of our payroll bureau service, we can help administer your auto-enrolment scheme and handle the calculations around your contribution.
We also support calculations, deductions and payments around traditional company, personal and stakeholder pension schemes.
More generally, we can advise on setting up workplace pensions schemes and how they might fit into your tax strategy. For example, many self-employed people make use of pension schemes to extract profit from the business in a tax efficient way.
Our pensions service includes…
- Pension contribution calculations.
- Deductions and payments via payroll.
- Pensions auto-enrolment admin.
- Advice on pensions schemes.