The pension regulator recommends lobularity 12-18 months to prepare and implement a workplace pension scheme.
There is an additional administrative burden on employers of additional record keeping and regular data submissions to the pension regulator.
Automatic penalties are levied on late submissions and failure to carry out these administrative duties in a timely fashion.
Eligible workers are required by law to be automatically enrolled into a workplace pension scheme. Systematic Auto Enrolment Services is committed to helping business in Lancashire and the surrounding area comply with this legislation, enabling employees to access a workplace pension scheme.
Our company can provide you with assistance in initially setting up your workplace pension scheme so that it complies with all the requirements of the pension regulator and, more importantly to offer an ongoing service, to work with you in monitoring changes in your employees that require further additional administrative tasks to be carried out on a regular basis. Futher to our workplace pension services, we can also offer ongoing support with your payroll and accountancy requirements.
If you are based in Lancashire or the nearby areas and have enquiries about any of the services we offer, please do not hesitate to get in touch. Full details on the pricing of our services can be found here.