Even if the trendy social media hashtag has passed you by, you won’t have missed the ad campaign.That lovable furry monster is the Government’s 21st century take on ‘the elephant in the room’.
A big, hairy problem if you ignore it, but not that scary at all if you take the time to talk to it and tickle its tummy.
Joking aside, if you’re one of the business owners still avoiding eye contact with this big furry elephant, then it’s probably weighing on your mind.
Let’s take some of that pressure off.
The first step? Download your free guide to auto enrolment.
Yes, it really is free - but you’ll find it’s worth its weight in gold because:
- It tells you exactly what to do and when to do it
- It’s written in plain English – a jargon-free zone
- It goes step-by-step, from start to finish, in a logical way that’s easy to follow
There’s even a cut-out-and-keep, one-size-fits-all infographic that shows you everything you need to do, with all the deadlines at-a-glance.
It’s pretty popular with our Members because it does that magic thing – lays out all the important information in one place, so it’s manageable and nothing is left off the list.
So, what is auto-enrolment?
All businesses have to provide workplace pensions for their staff. This means setting them up, telling staff about them, and putting money into them.I’m not even sure auto enrolment applies to me …
If you have any employees at all, then it does. Even if you only have one employee – and yes, even if they work part-time – you need to register for auto enrolment.
I don’t know where to start!
Start by finding out when the new duties come into effect for you. This is called your staging date and you’ll find it on www.thepensionsregulator.gov.uk. Click the link and enter your payroll number.
I really don’t have time for this …
We hear you. You’ve enough to do already.
You’d be surprised how many of our Members were struggling alone, not realising that joining the BFN entitles you to have the whole thing sorted. For free.
BFN Members have free access to a fully compliant pension scheme through Smart Pensions.
They’ve been a respected name in the pension industry for many years and offer free set-up and free monthly administration. The pension is placed with Legal and General, another industry stalwart.
You will be guided through the entire process. The customer support team is UK-based and will help you with all the employee communications, including letters, posters and leaflets.
It covers hourly paid and transient workers and is suitable for all sizes of business and types of employee.
There’s no minimum number of employees, and pension transfers are permitted to and from the scheme. It also allows for flexible contributions within HMRC limits.
Any other questions about workplace pensions and auto enrolment? Need to know more or want to sign up? Get in touch today.