We can help in 3 easy steps………
Pick your Auto-Enrolment Pension
Give us the ‘Go ahead’ to help you
Sit back and let us ensure you are fully
compliant with AUTO-ENROLMENT.
CASE STUDY- One
of our 'early staging date' clients.
Here's what they have said..........
"After many years of professional service from Brotherton &
Co Accountants, they have impressed me again by taking on and
setting up the Work Place Pension Scheme for my company.
Brotherton's have arranged and implemented everything for us and
ensured we were up and running in time for the Government
deadline. I would happily recommend Brotherton's to anyone who
will be in the position of needing a Auto-Enrolment Pension in
the future and I look forward to many more years friendly
service for them.
Engineering Firm from
The employers STAGING DATE for
AUTO-ENROLMENT was 01.04.15
means the employer needed to be fully compliant at this date)
Here is how we helped this
We spoke to him 6 months before his
staging date for AUTO-ENROLMENT. This is the date you need
to be fully compliant. We recommend as soon as you receive
the letter from the Pension Regulator, this is the point,
ideally you need to start acting.
The employer looked at options available
for differing pension schemes and
decided to use NEST as his preferred pension scheme.
Here at Brotherton's we are a delegate for NEST
which means we can set a NEST pension scheme up for an
employer as soon as we are given the authority to do so by
the employer. We were
able to set the pension scheme up for him with no real input
from the client.
During the months up to the staging date we
ensured everything was put in place as it should be at NEST
and all the necessary communications with the Pension
Regulator were completed..... again with very little input
from the employer. (We ensure the employer is the Primary Contact and we
are the Secondary Contact)
At the staging date we completed the
first Pension Assessment and ensured all eligible workers
were sent letters. This confirmed to our client's staff they were being
automatically enrolled into the NEST pension if eligible. We
also notified the staff that weren't eligible for automatic
enrolment but were eligible for the option to be 'opted in'
to the pension. Each individuals circumstances will
determine if they are eligible or not and we ensure this is
completed as it should be. Again, still nothing for our
client to do.
We then dealt with employee’s who wished
to be ‘opted in’ to the pension scheme and employees who wanted to
out’ and ensured again all the regulations where complied
to. Any employee can opt out if they wish.
All deductions, both employer and
employee deductions were made when required and this is done
when the payroll is processed. This is then carried on month on month, when we complete each
pay run for the employer.
To ensure payment of the pension
deductions are paid on time to NEST we usually set up
a direct debit between the
employer and the pension scheme at NEST. This ensures
deductions are paid
over to the Pension Scheme before the deadline. This can
be set to the 22nd of each month but can be any
day after the 5th of each month.
We now make sure the pension scheme is
run as per the legislation to ensure the employer is fully
compliant with his obligations.
As can be seen from this CASE STUDY, once we
have been given authority to act for the client there is very
little for the client to do. This takes away the concerns and
issues many employers are worrying about. If you would like to
talk to us and have any issues or questions which need answering please
don't hesitate to call. We are happy to talk to clients and
non-clients on this matter and are here to help and take away