Goooooogle   10 #13 Posted April 21, 2016 Out of interest (and going slightly of topic), will companies be required to make contributions from now on. My OH works for an SME, she has a personal pension scheme, but the company makes no contribution to it.  They will have no choice but to set her up on their auto enrolment scheme (not sure if she gets any choice in where the conts go however).  But then she can opt out of it if she wishes once it starts (might be worth negotiating with her employer so she still gets a contribution either directly to PP or a small pay rise?).  We have two very small businesses being forced into setting this stupid thing up.  one is 3 people , 1 employee , 2 directors (directors can be exempt) The other is 4 employees , 2 directors.  I went with NEST on the advice of a friend who already went though this , its pretty straightforward to setup online. I run my payroll using moneysoft - seems to integrate OK.  But as soon as set up I am going to gently suggest people opt out so I can stop having to manage it ongoing (as it just seems onerous). Share this post Link to post Share on other sites Share this content via...
tinfoilhat   11 #14 Posted April 21, 2016 They will have no choice but to set her up on their auto enrolment scheme (not sure if she gets any choice in where the conts go however). But then she can opt out of it if she wishes once it starts (might be worth negotiating with her employer so she still gets a contribution either directly to PP or a small pay rise?).  We have two very small businesses being forced into setting this stupid thing up.  one is 3 people , 1 employee , 2 directors (directors can be exempt) The other is 4 employees , 2 directors.  I went with NEST on the advice of a friend who already went though this , its pretty straightforward to setup online. I run my payroll using moneysoft - seems to integrate OK.  But as soon as set up I am going to gently suggest people opt out so I can stop having to manage it ongoing (as it just seems onerous).  Nest looked horribly inflexible to me, and will be short on UK support (tata will be running the helpline). Share this post Link to post Share on other sites Share this content via...
MobileB Â Â 10 #15 Posted April 21, 2016 My company's auto enrolment date is coming up soon. Can anyone recommend who I could talk to about getting it set up please? Â Call me if you want Steve. Share this post Link to post Share on other sites Share this content via...
Cyclone   10 #16 Posted April 21, 2016 Companies don't have to use NEST though? They could set up money purchase schemes for all employee's and then make contributions to that? Share this post Link to post Share on other sites Share this content via...
tinfoilhat   11 #17 Posted April 21, 2016 Companies don't have to use NEST though? They could set up money purchase schemes for all employee's and then make contributions to that?  Absolutely, but its not free unless you know what youre doing (I don't). I know they had something to sell (I didn't buy anything ) but it was an interesting read.  http://msfs.co.uk/downloads/nest-vs-the-rest.pdf Share this post Link to post Share on other sites Share this content via...
Tim1 Â Â 10 #18 Posted April 24, 2016 I filled the paper work in last year but have not heard owt since. I have 3 employees that all work 8 hours a week. How much will I need to sort out to add to there contributions? Share this post Link to post Share on other sites Share this content via...
tinfoilhat   11 #19 Posted April 24, 2016 I filled the paper work in last year but have not heard owt since. I have 3 employees that all work 8 hours a week. How much will I need to sort out to add to there contributions?  Ask you pension company but it's around 2% each from qualifying pay. It's based on salary. I'm not sure they'd qualify on that amount. Which pension scheme did you pick? Share this post Link to post Share on other sites Share this content via...
Tim1 Â Â 10 #20 Posted April 24, 2016 Ask you pension company but it's around 2% each from qualifying pay. It's based on salary. I'm not sure they'd qualify on that amount. Which pension scheme did you pick? Â What I meant is that I filled the paperwork that was sent saying I was the named person in charge of my company. They said they would be in touch nearer the time. I have not replaced any staff I have lost for a few years. Well except for a couple of 17 year olds that are at collage. It works out better for me. Â ---------- Post added 24-04-2016 at 21:35 ---------- Â What I meant is that I filled the paperwork that was sent saying I was the named person in charge of my company. They said they would be in touch nearer the time. I have not replaced any staff I have lost for a few years. Well except for a couple of 17 year olds that are at collage. It works out better for me. Â I will speak to my accountant tomorrow. Share this post Link to post Share on other sites Share this content via...
tinfoilhat   11 #21 Posted April 24, 2016 Go to pension regulator website and find your staging date. That's rather important! Share this post Link to post Share on other sites Share this content via...
Tim1 Â Â 10 #22 Posted April 25, 2016 (edited) Go to pension regulator website and find your staging date. That's rather important! Â I emailed the accountant first thing. They already have the information ready lol. 1st July 2017 is my staging date. My staff are exempt he believes. They don't work enough hours. Edited April 25, 2016 by Tim1 Error Share this post Link to post Share on other sites Share this content via...
steveroberts   10 #23 Posted April 25, 2016 Call me if you want Steve.  Left you a message Steve Share this post Link to post Share on other sites Share this content via...
synthpulse   10 #24 Posted April 26, 2016 Hello! I work at Hawsons Wealth Management, and the advisers here are AE specialists. We've been setting up and processing schemes since AE came in. 0114 229 6557 if you still need to chat to someone, our advisers also run free AE workshops (I've sat in a few - they're pretty useful for the clueless!) Share this post Link to post Share on other sites Share this content via...