Auto Enrolment Pension Service

Apex Accountants offer Auto Enrolment Pension Service that will take the hassle out of pension provision for your business

Under the Pensions Act 2008, every employer in the UK must put certain staff into a workplace pension scheme and contribute towards it. Also known as, “auto enrolment pension service”, it applies if you employ at least one person.

Our experience shows the work involved in setting up a new auto enrolment scheme (or changing an existing scheme) should not be underestimated. Its affects payroll too, so it is vital the processes (and systems) work together.

Auto Enrolment Rates

From 6 April 2019, the minimum your employer has to contribute increased to 3% of your salary (within certain limits detailed below), up from 2% previously. At the same time, the minimum total enrolment contribution rose to 8% (that’s the total you and your employer together must put in).

What is Nest Auto Enrolment?

Most workers in the UK are automatically enrolled into a workplace pension scheme by their employers. From the date they’re automatically enrolled they have a month to ‘opt out’ Workers and employers can both contribute to Nest to build a retirement pot that’s invested on behalf of the worker.

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