Automatic Pension enrolment for a new employer

Simple step by step guide for automatic pension enrolment for new employer

Things needed:

  1. PAYE reference number i.e. first need to register as an employer with HMRC.
  2. Staging date: date when first member of staff starts work.

 

Next:

  1. Choose a pension scheme
  2. Write to staff: use pension regulator’s draft letters.  See note 1 below
  3. Declare compliance to pension regulator.

 

Note:

1. Currently we use Moneysoft payroll manager and send Postponement letter to all staff.

2. Tax relief on pension: Relief at source or net pay

3. Employee often ask – How do i transfer my old pension to the new employer?

3. Please use pension regulator’s website for more information. http://www.thepensionsregulator.gov.uk

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s