The Book-keepers Forum (BKF)

Post Info TOPIC: Pension Help


Senior Member

Status: Offline
Posts: 104
Date:
Pension Help
Permalink Closed


Hello,

 

I have an employer who only employs one person paid £520 a month. Do they still need to automatically enroll if the employee doesn't want to take part.

Many thanks for reading

 

Nicola



-- Edited by Blonde Accountant on Friday 21st of July 2017 11:18:53 AM

__________________

Nicola



Master Book-keeper

Status: Offline
Posts: 3904
Date:
Permalink Closed

Hi Nicola.  If you check the salary at which you need to automatically enroll, then you'll get your answer.

 

Even if you don't have to automatically enrol the employee, they still need to be given the option to join, and this must be in writing at the staging date.  What payroll software are you using?  Moneysoft and Brightpay for definite will have a template letter that you can give to the employer to sign and pass on to the employer.  A scheme doesn't need to be in place at this stage, but if the employee changes their mind,or a new employee starts and wants to join, then a scheme must be immediately put in place.  There are also compliance duties you need to perform, regardless of whether the employee joins or not. Also you need to be aware that this has to be repeated every 3 years.

Its worth reading up on the tpr website , there are hefty fines if you get it wrong 

http://www.thepensionsregulator.gov.uk/business-advisers.aspx

 



__________________

John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Senior Member

Status: Offline
Posts: 104
Date:
Permalink Closed

Hi John,

Many thanks for that.

Nicola

__________________

Nicola



Master Book-keeper

Status: Offline
Posts: 8646
Date:
Permalink Closed

Just so you know - the fines are being issued and are hefty!

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About