Auto Enrolment & Pension
What is Auto Enrolment?
Auto enrolment is an initiative, launched by the government of the UK, that requires all employers (even those who have only one member of staff) to automatically enrol certain staff members into a pension scheme and make contributions towards it. Usually, the said employee will also have to make contributions to the pension scheme which the government may top up with tax relief.
Auto enrolment is designed to ensure that more workers have easier access to workplace pension schemes, enabling them to save towards retirement and enjoy an income over and above the basic pension allocated by the state.
Who is Eligible for Auto Enrolment?
To be eligible for auto enrolment, an employee must be:
Accounting for Auto enrolment in the UK
With our team of auto enrolment and pension specialists at Lanop, you can forget about the complexities of registering your employees or yourself as an individual for auto enrolment and pension schemes.
Our highly qualified experts will provide detailed advice on existing pension plans, tailored instructions on how to select suitable pension schemes and the best retirement plans available to you.
What Services are Covered Under Auto Enrolment
The following services are covered under Auto enrolment and Pension at Lanop:
• Declaration of compliance
The declaration of compliance is a form that is filed with The Pension Regulator to make sure that an employer’s auto enrolment duties are being carried out according to current regulation.
Filing the declaration of compliance is a legal obligation. If it is not filed within five months of the start of your legal duties, you could be fined heftily.
• Employee status Assessment
The Pensions Act 2008 places employers under an obligation to automatically enrol UK “workers” and determine their status to confirm who needs to be put on pension.
Our pension experts can manage all the compliance work and we can make the process stress-free for you so you can utilize your quality time on growing your business.
• Staging Date Determination
A staging date is the last date by which an auto enrolment scheme must be initiated for employees. It is important to keep track of this otherwise penalties will ensue.
• Re-declaration of compliance
Every three years from the staging date, or last re-enrolment date, a company must re-declare compliance with The Pension Regulator (TPR).
• ‘Not an Employer’ Submission
Automatic enrolment obligations do not apply when a company or individual is not considered an employer. For example, a company may no longer employ any staff members, has ceased trading, or if the company only has an owner as staff.
• Pension Obligations for Foreign Employers
Pension compliance for foreign employers is an obscure area. However, Lanop has handled multiple such cases successfully. So, give us a call. We’ll take the load off.
Lanop: The People’s Champion
Lanop Accountants eliminates the need to search for an all-encompassing accountancy firm. Our corporate headquarters in Putney, London provide practical and efficient solutions to all your accounting needs.
Our skilled tax and finance professionals work diligently to make your life simpler by reducing financial stress and making business models more lucrative and efficient in accordance with up-to-date regulations.
Muhammad Tahir
As a payroll manager at Lanop, I know the intricacies involved in the Read More
Muhammad Tahir
Payroll Manager
I am a Payroll Manager at Lanop, but my expertise also includes bookkeeping as a speciality. Due to my experience in handling Finance and accounts of various industries, my responsibilities are keeping track of revenue and expenditures, monitoring accounts, and billing/invoicing. Call me right away if you want exclusive bookkeeping advice in accordance with current meta.
Syeda Sidra Batool
As the payroll manager at Lanop, I have helped scores of clients in Read More
Syeda Sidra Batool
Payroll Manager
Being a Payroll Manager at Lanop, I provide expertise to multiple contractors not only on payroll but also to help them get gross payment status from HMRC, verification of sub-contractors, and statutory year-end accounts. It is my job to make sure that clients’ businesses grow and plan for efficient tax returns at each step of operations.
Client's Testimonial
When I was looking for an accountancy partner, Lanop was the first provider to respond, inviting me in for coffee to discuss my business plans and offering guidance on how to structure the business. It was a crucial first meeting, I had so many questions and worries about starting out on my own, but the team gave me all the help I needed to register and run my own company. We’ve been trading for over three years now and the Lanop team have provided an excellent service, answering all our questions, managing our payroll, VAT, pensions and annual reporting processes without a hitch.
Steven George-Hilley
Founder
Centropy PR
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