The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. This is called “Automatic Enrolment”.
Whether you are a hairdresser, an architect or employ a personal care assistant, if you employ at least one person you are an employer and you have certain legal duties.
It’s important that you understand what to do and by when – this will depend on your circumstances and those of your staff.
With a huge amount of information on the internet available you could soon find yourself going round in circles trying to work out your next steps.
Let Liric deal with this for you. We can help you to:
- Understand the jargon
- Choose an appropriate pension scheme
- Register with a scheme
- Link it to your payroll program
- Deal with the monthly compliance if we are running your payroll
We have summarised the key facts for you here in our automatic enrolment guide.
Contact Liric Accountants to see how your business matches up to the competition.