Pension Auto Enrolment
Are you ready for automatic enrolment?
Introduction:
Saving for retirement is now easier with pension auto enrolment—a UK law requiring employers to automatically sign up eligible employees into a workplace pension scheme. At Payday Payroll, we take the stress out of this process, managing everything from setup to payroll integration so you stay compliant and your team benefits.
What is Pension Auto Enrolment?
Pension auto enrolment, introduced by the Pensions Act 2008, ensures workers save for retirement through a workplace pension. Employers must:
- Enrol eligible staff (aged 22 to State Pension age, earning over £10,000/year).
- Contribute at least 3% of their qualifying earnings, with employees adding 5%.
- Handle ongoing tasks like assessments and payments.
This applies to all UK businesses, even those with just one employee.
How Payday Payroll Helps
We simplify auto enrolment with expert support and smart tools:
- Easy Setup: We connect you with trusted pension providers and integrate them into your payroll.
- Automatic Calculations: Our software assesses eligibility and calculates contributions each pay run.
- Full Compliance: We manage records, payments, and updates to keep you on the right side of The Pensions Regulator.
- Affordable Service: No hidden fees—just clear, cost-effective solutions for your business.
Ready to get started? Contact us today for hassle-free workplace pensions!
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20-22, Wenlock Road,
London,
N1 7GU
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