Auto-enrolment is now in full swing, with a number of businesses having received their pension staging dates. This means that from this point onward, unless your employee specifically opts out (and this is not a decision that you are allowed to influence) you are required by law to pay into a pension fund on behalf of your employee. This level is currently set at 1% and is reported on the payroll at exactly the same time as national insurance and PAYE payments. It is legislation that this has to be set up for every employee (with some exceptions), so make sure that you are doing this correctly.
If you are finding it complicated and would like advice on how best to tackle auto-enrollment, or are looking for a firm that are able to process payroll for you and your business, we are here to help. Call us to arrange a meeting where your needs can be discussed in full.