Recent changes in pensions, especially those regarding life allowance, affect both individual tax payers and business owners alike. We will make an assessment of your individual circumstances in order to give you advice that will help you to save as much tax as possible.
Under the Pensions Act 2008, every employer in the United Kingdom must enrol certain sectors of their staff into a pension scheme and make contributions towards it. This is called Automatic Enrolment.
As of April 2017, all members of your staff over 22 years of age and younger than retirement age, earning more than £833 per month (£10,000 per year or £192 per week), must be enrolled into a pension scheme automatically. Exempted from this rule are the directors of limited liability companies.
Failure to enrol all your staff before the due date could result to a fine from The Pensions Regulator, so it’s important to make sure you have everything in place. Members of our expert team can help you to set up your business with a pension provider, in some cases for a discounted fee.
We will ensure you have:
- Enrolled all your staff into the pension scheme
- Filed all declarations with the pension regulator before deadline of your Staging Date