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Updates from the Clayton & Brewill team.
Workplace pensions – are you staging in early 2016?
If your pension auto-enrolment staging date is fast-approaching then you are not alone! Over 100,000 SMEs will ‘stage’ during the first quarter of 2016.
Chloe Hughes, auto-enrolment and payroll specialist at Clayton & Brewill in Nottingham, shares some advice on how to meet the deadline.
If you employ between 1 and 30 staff and have not yet reached your ‘staging date’ for the new workplace pension rules, there are certain questions that you need to be able to answer:
Q: Do you know your auto-enrolment staging date?
Click here to find out your staging date – you will need your PAYE code to hand.
Q: Have you started talking to your employees about pension auto-enrolment?
Click here for tips on how to talk to your employees about auto-enrolment, including workers who may not have English as a first language.
Chloe Hughes, Head of Payroll, Clayton & Brewill
Q: Will you need to find a new pension scheme?
In our experience, the Government’s ‘Nest’ scheme should be your last resort as it comes with a minimal level of support. Start talking to pension providers as soon as possible to ensure that you can find the right scheme to suit your business.
Q: Can your payroll software cope with auto-enrolment?
Click here to find out what happened when a major retailer didn’t test their payroll system properly!
Q: Do you understand what you need to do to comply?
Click here for Chloe’s highly practical, step-by-step guide to how to prepare your business for pension auto-enrolment.
Pension auto-enrolment is coming down the line extremely quickly for SMEs but Clayton & Brewill can help you get your business on the right track.
For a confidential and no obligation conversation about your requirements, call 0115 950 3044 or email chloe@www.claytonandbrewill.com.
Clayton & Brewill is a firm of independent chartered accountants with offices in Nottingham, Melton Mowbray and Long Eaton. Clayton & Brewill offers accountancy advice, audits, tax advice and payroll services to business owners, farmers, GPs, and individuals.