Re-enrolment duties…don’t forget yours
Re-enrolment, once every three years you must assess your workforce, and put all eligible workers into a workplace pension. This includes anyone that has previously left or opted out of the scheme. If an employee only left the scheme within the last 12 months, then you can choose whether or not to re-enrol them.
Re-enrolment follows the same process as when you first put your staff into a workplace pension. It must be completed for all employees that meet the age and earnings criteria.
Automatic enrolment is a continuing process for all employers – it doesn’t end once you’ve put your staff into a workplace pension
Ongoing responsibilities are;
- Assessing the age and earnings of your staff who aren’t enrolled in a workplace pension every time you pay them. Most importantly, if they are eligible or entitled your employees need to be enrolled into your work place pension scheme.
- Essentially, know how much to deduct and contribute. The current rates are 2% employer 3% employee on income excedding £116 per week.
- Always pay the contribution over to the pension provider of your choice on time.
- Keep in touch with your work force, often write to your employees keep them up to date with auto enrolment.
- keep records relating to their workplace pension scheme.
- Manage any requests from staff to join or leave the scheme.
We can help you and your business with re-enrolment duties, why not give use a quick ring or drop us an email to see how cost effect we are.
We include all re-enrolment duties in our weekly price of £1.60 per payslip/employee for weekly paid staff or £4.60 per payslip/employee for monthly paid staff….
The National Minimum Wage is reviewed each year on 1st October
October 2015 sees the largest increase in the National Minimum Wage since 2007, and more than 1.4 million of Britain’s lowest-paid workers are set to benefit. Continue Reading
The Pension Regulator will be writing to all small and micro employers (SMEs) in the imminent future to introduce their businesses to workplace pensions.
Every business in the UK will be legally required to provide a pension scheme for all employees and make employer contributions toward their pension. Continue Reading
On the 1st October 2014 the National Minimum Wage is due to increase to;
*For apprentices under 19 in their first year.
Over 19 or after their first year apprentices get the national minimum wage rate that applies to their age.
The National Minimum Wage is enforceable by HMRC. Employers should not subject their workers to less than the minimum wage.
|21 years or over||£6.50|
|18 to 20 years||£5.13|
Many employers will not receive a payment booklet (P30BC) for 2014/15. HMRC are gradually phasing out paper payments and encouraging employers to pay PAYE electronically.
A cleared payment must reach HMRC no later than the 22nd of the month following the end of the tax month or quarter to which it relates. Continue Reading
Has your business received a statement from HMRC with a ridiculously high amount of PAYE tax and national insurance due? If this is the case and you know for a fact the amount is not outstanding, look closely at the wording of the statement, does it say Specified Charges?
What is a Specified Charge?
After spending yet another ¾ of an hour trying to get through to right person at HMRC we were told that CIS over payments for the tax year 2013/14 would take up to 5 weeks to process by HMRC, even if the year-end was filed weeks before the deadline!!
How unfair is that?
Over payments occur when Contractors have CIS tax deducted at source and do not have enough PAYE and deductions made from subcontractors to off set the amount against the deductions suffered by themselves.
New 25 day repayment promise by HMRC Continue Reading
HMRC have now published their intentions to fine employers for late Real Time Information (RTI) submissions.
If a submission appears to not be filed by the due date for either an FPS (Full Payment Summary) or an EPS (Employer Payment Summary) a late filing penalty will be imposed.
The amount depend on the number of employees your business employs. Continue Reading
Don’t miss out, make sure your business claims the new Employment Allowance
Employment Allowance aims to reduce employer class 1 National Insurance (secondary) Contributions by £2,000 a year from the 6th April 2014.
The Percentage Threshold Scheme (PTS) will be abolished from the 6th April 2014.
The government gives Employment Allowance with one hand but takes away The Percentage Threshold Scheme with other.
After the 5th April 2014 employers will no longer be able reclaim any statutory sick pay they pay out to employees who qualified for SSP Continue Reading