Latest News
Updates from the Clayton & Brewill team.
Half a million more SMEs hit by auto-enrolment than expected
The Pension Regulator is predicting that 1.8m small and micro businesses will have auto-enrolment duties – an increase of 500,000 on its previous estimate.
The Pension Regulator, the body that is responsible for ensuring that all businesses comply with the new workplace pension rules, which are known as ‘auto-enrolment’, released its annual report earlier this month (July 2015).
In this report, it details how the summer of 2017 will see around 350,000 small employers go through the auto-enrolment process, compared to earlier predictions of a peak of around 220,000 in mid-2016.
It seems that a more benign economy is to ‘blame’ for the rise: fewer companies going out of business and more start-ups being registered.
Don’t get left behind in the auto-enrolment rush
The upshot of the pending auto-enrolment rush is that you need to be thinking ahead. Make sure your business isn’t at the back of the pecking order when it comes to choosing a pension scheme or finding an adviser to help you through the process.
Clayton & Brewill’s pension auto-enrolment pages contain lots of useful information to help you prepare, including:
What to do when you receive your ‘nominate a contact’ letter
Can I postpone auto-enrolment for my business?
Communicating with staff – what to do if you have workers who can’t read
13 top tips on preparing for pension auto-enrolment
Auto-enrolment help and advice
Clayton & Brewill’s specialist payroll team can help you to work out how best to tackle auto-enrolment and guide you through the steps you need to take.
Contact Clayton & Brewill on 0115 950 3044 or by email and we'll be pleased to discuss how we could help you.
Clayton & Brewill is a firm of independent chartered accountants, with offices in Nottingham, Long Eaton and Melton Mowbray. We provide audit, tax, accountancy and payroll support to owner managed and family businesses, farmers, GPs and doctors, landlords and lettings agents, and private clients across the East Midlands.