If you are a Director only company that has no employees please read the guide HERE instead of this one.
What is Auto Enrolment?
Auto enrolment is the Governments way to ensure that employees are offered pensions and to encourage working people to plan for retirement. Auto enrolment has been designed to make sure that employers offer real pension schemes with real contributions – it is not a pension scheme itself but is a process by which all qualifying “jobholders” in employment are made members of a pension scheme.
An explanation from The Pensions Regulator:
What about JF Financial?
As accountants we do not typically get involved in pension advice which is usually provided by regulated financial advisors. However because this affects many businesses we want to make sure that our clients are educated on this reform and what needs to be done.
Many small businesses are choosing to use the governments pension provider, NEST, their website below and is worth a read:
These guides from NEST explain:
Which employees does it affect
Guidance
We have also attached two guides provided by a pensions advisor that we work with from St James's Place and you can also check out the Pensions Regulator here:
http://www.thepensionsregulator.gov.uk/employers.aspx
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