Sage 50 Payroll: Auto Enrolment Edition
Between October 2012 & April 2017- all UK employers regardless of size will have to automatically enroll all eligible staff into the qualifying work place pension. The employer will have to deduct a pension contribution on behalf of the employee, and crucially contribute to the scheme themselves.
Initially the employer and employee will pay 1% of band earnings each. Band earnings are all employee earnings between £5,668 & £41,450 (2013/2014) This will rise to 5% employee 3% employer by 2018
So, How can Kinspeed Help?
Come onsite for an informal friendly chat to offer help and advice. We can give you a free review. Find out when you’re staging date is. Offer a course to help you gain knowledge. Put in place an action plan. Auto Enrolment doesn’t have to be scary. With the right tools, you can help save yourself time and money.