Ruthin Castle Auto Enrolment Workshop

Ruthin Castle Auto Enrolment Workshop

September 26th 2015

Free Auto Enrolment Workshop @ Ruthin Castle Hotel

Support for Local Businesses

If your business is enrolling / staging for Auto Enrolment in the next 12 months, you and your payroll manager cannot afford to miss this great local event.

Agenda

8:00am Arrival with Tea / Coffee and Bacon Rolls

8:15am Auto Enrolment by Heritage Financial Solutions Ltd

8:40am Q&A Session

9:00am Break for informal networking

Call 01352 770 845 or email info@heritagefs.co.uk to sign up

Venue Location

Ruthin Castle Hotel
Castle Street
Ruthin
Denbighshire
LL15 2NU

http://www.ruthincastle.co.uk

Flintshire Auto Enrolment Workshop

Flintshire Auto Enrolment Workshop

September 10th 2015

Free Flintshire Auto Enrolment Workshop @ Soughton Hall Hotel

Support for Flintshire Businesses

If your business is enrolling / staging for Auto Enrolment in the next 12 months, you and your payroll manager cannot afford to miss this great local event.

Agenda

8:00am Arrival with Tea / Coffee and Bacon Rolls

8:30am Auto Enrolment by Heritage Financial Solutions Ltd

8:55am Q&A Session

9:00am Payroll Integration by Bennett Brooks Chartered Accountants

9:25am Q&A Session

9:30am Guest Speaker – John Durham

9:50am Break for informal networking

Call 01352 751 368 or email events@bennettbrooks.co.uk to sign up

Venue Location

Soughton Hall Hotel

Northop
Mold
Flintshire
CH7 6AB

www.soughtonhallhotel.co.uk

Staging Dates – Auto Enrolment

It is vital that you prepare in advance for Auto Enrolment, the more time you put aside to prepare, the simpler the transition will be.

The new law requires every employer to automatically enrol their workers into a workplace pensions scheme if they:

  • are aged between 22 and State Pension age;
  • earn more than £10,000 a year; and
  • work in the UK

Understanding your staging date is essential and it depends on the size of your largest PAYE scheme as of April 2012. There are many online tools to help determine your staging date and you will need your PAYE reference and the size of your PAYE scheme.

In summary, these are the staging dates that may relate to you:

PAYE Scheme Size Staging Date
54 – 57 1st March 2015
50 – 53 1st April 2015
40 – 49 1st August 2015
30 – 39 1st October 2015

 

If you have fewer than 30 staff on your PAYE Scheme, then your staging date can be between 1st June 2015 to 1st April 2017; it will depend on the characters of your employees PAYE Scheme reference.

Please note if you do not have a PAYE scheme, this doesn’t mean your firm doesn’t have to go through auto enrolment; your staging is 1st April 2017.

Seeking professional help from an Independent Financial Adviser can help smooth out the Auto Enrolment process

5 Top Tips for Auto Enrolment

  • This process can be complex so it is vital that you prepare well in advance and allow yourself plenty of time before your given staging date.
  • Consider the financial cost that it will have on your firm and allow a balance between what you can afford and what you want for your employees. Determining the level of staff contributions needs to be revised as this could impact you financially if not prepared in advance.
  • Picking the right pension scheme for you could save you a lot of money, so you need to establish a scheme with a good outcome for your employees as well having a relatively low AMC. A low AMC (annual Management Charge) could also be a huge benefit to the individual employees.
  • Ensuring there is communication with your staff is essential as it is important for them to understand what is happening. Allowing them to be involved will help them to prepare themselves for what they need to do.
  • Establishing an efficient payroll system will relieve the complication of communication, but it is important to make sure that the data is set up correctly so it can be ready for the start of the payroll month, also reviews must be in place in order to determine the accuracy of these payments.

Seeking professional help from an Independent Financial Adviser can help reduce the workload that the complex process of Auto Enrolment involves.

This article is intended for information purposes only and should not be taken as advice.

Online Advice