Beauchamp Charles can help you with the following main tasks for Auto-Enrolment.
Register with an appropriate Auto-Enrolment Pension Scheme
Keep specific records and payment information accurately
Check you contribute to your staff pension scheme correctly and on time, failure risks you being fined by the regulator
Communicate when needed with pension provider
Calculate deductions & contributions from your staff’s salaries and advise on how to pay these and your contributions over to the scheme on time and accurately
If you employ at least one person you are an employer and you have certain legal duties.
Company Contributions Amounts
The amount you must contribute to the pension scheme is determined by the scheme’s rules. However, if you’re using the scheme for automatic enrolment there are minimum contributions you must pay.
See below for the minimum contribution:
Date | Employer minimum contribution | Total minimum contribution |
Employer’s staging date to 05/04/18 | 1% | 2% (including 1% staff contribution) |
06/04/18 — *05/04/19 | 2% | 5% (including 3% staff contribution) |
06/04/19 onwards | 3% | 8% (including 5% staff contribution) |