As a UK worker, you have the opportunity to secure your financial future with auto enrolment pension. This mandatory workplace initiative requires your employer to automatically enrol you into a pension scheme if you're aged between 22 and State Pension age, earn at least £10,000 per year, and usually work in the UK. Pension auto enrolment initiative is particularly beneficial for those who may not have considered retirement planning previously, as it guarantees that eligible employees are saving for their future. Enrol in a retirement income today – get a quote now!
Our starter package covers the essentials for hassle-free procedure, ensuring your business meets legal requirements and supports employee retirement planning.
This package is designed to do the processing through a provider such as Nest, etc.
Our services make it easy for you to manage auto-enrolment in employee pensions.
We take every possible measure to keep the employee information confidential and ensure data security.
Our team of experts will help you navigate the complex regulations, guaranteeing legal compliance.
Our scheme is transparent, which is why we provide regular reports and updates.
Our team is always ready to provide expert assistance throughout the process.
With our services, you can avoid penalties for regulations.
Whether you need support in setting up your pension scheme or managing it on an ongoing basis, Affotax is the best choice.
By entrusting us, you can free up valuable time and resources to focus on your business's priorities.
It is when an employee meets certain requirements to automatically qualify for a pension plan or scheme. It is a requirement for a company or business to enrol their employees.
It is important because it benefits both the employee and the employer. It is the best way to ensure financial security while following laws and regulations.
To meet the legal requirements and ensure the retirement security of the employees, timely implementation is important.
It started in 2012. In order to have their employees included in a retirement plan, all employers with 50 or more employees are required but may choose not to do so. It applies to all employers in the United Kingdom regardless of the size of the company they own.
It starts on day one of employment. The newly hired employees are automatically enrolled in their retirement savings plan. The contributions of the employer and employee are deducted from their salaries, adding to the defined contribution plan.
The schemes usually pay 8% of salary up to a specific annual limit. It is also possible that it increases through the contributions made by the employer and the employee.
Yes, it can be complex, but by availing our services, you can avoid these complexities while promoting employee benefits and financial security.
If you have any personalised guidance or additional inquiries about our service, please don't hesitate to contact us.