1. Compliant Workplace Auto Enrolment Business Pension Solution

2. Confused about Workplace Pensions?
Does it apply to your business
& how much will it cost?

3. We make no excuse for our direct approach
Please accept our apology
if you feel we come across very direct. We don’t pull any punches when
it comes to potential Government Fines on Small Businesses
We feel it is important to keep out the waffle and get straight to the point unlike DWP…

4. Workplace Pensions – Don’t Ignore It
Awareness DWP Media Campaign
We have no comment about our fluffy friend!!!

5. Why The Need for State Pension Reforms
Funded by National Insurance contributions taken today
Default increased retirement age
Demographics (one in four 16 year olds will attain the age of 100)
Advances in Medical Science, were simply living far longer in retirement
People at working age
Pensioners
1901
          
2010
  
2050
 

6. The Background The Pensions Act 2008 – Statutory Obligations
April 1st 2012 – HMRC Real Time Information initiative
Pre-cursor to Auto Enrolment – digital payroll
Large Businesses ‘all in’ and Medium sized have already staged
Now it’s the Small SME’s & Micro Businesses staging dates from 1st June to December 2017 – 1.8 Million Businesses
Your staging date based upon HMRC info as at 1st April 2012

7. This Means Your Business Must be a Workplace Business

8. Auto Enrolment What is it?
Legislation under the Pensions Act 2008
300 pages of Regulations
854 Rules to be complied with
2 Legislative documents
Statutory obligation on ALL Employers
Provision of Workplace Pensions to ALL Employees
Employers MUST contribute for eligible employees
Transferring the responsibility of funding retirement from the State to the individual & employer plus help from the Government [tax relief]

9. Ultimately the business owner is legally responsible.
Your Staging Date
ACT NOW
Ultimately the business owner is legally responsible.
It is you who will receive the FINES
Fines and/or Prosecution

10. What You MUST Do!
 Know your Staging Date – What have you done with your staging letter?
 Complete a workforce assessment
 Communicate changes, options and implications to each employee
 Be compliant by your Staging Date or incur daily escalating fines
 By your Staging Date Auto Enrol all eligible employees & invited workers
 Register with The Pensions Regulator & keep records [possible inspection]
 Ensure compliance with Regulations including communications audit trail
 Manage Opt-in’s, Opt-out’s, starters & leavers, eligibility & entitled
 Re-enrol employees & opted out every third anniversary

11. Workforce Assessment-Criteria
The Different Types of Worker
Earning/Age
16 – 21
22 – Stage Pension Age
Stage Pension Age – 75
Under lower qualifying earnings threshold (£5,824)
Entitled Worker
More than £5,824 and up to £10,000
Non-Eligible Jobholder
Over auto enrolment earning trigger £10,000
Eligible Jobholder
Optional Invite
You don’t have to pay in
You Must Invite
You pay in
You Must Invite
You pay in
You Must Auto Enrol
You pay in
You Must Invite You pay in
Easy to understand eligibility workforce criteria

12. Why the sense of urgency my staging date isn’t till late 2016 or 2017!

13. Staging Dates Capacity Crunch
Peaking at 138,000
Total of 45,000 businesses staged during 2015
Over 100,000 business must stage in the first qtr 2016

14. The Pension Regulator Advises Businesses to become compliant at least 12 to 18 months ahead of your staging date. WHY?
50,000 to 130,000
Staging
Every Month
From 2016
Via a handful of interested pension providers
Don’t leave it, don’t get caught in the capacity jam
1.8 Million
To Comply

15. Penalties & Enforcement
Statutory Notices – contraventions, non-payments
Statutory Powers – gathering information, inspections
Discretionary Powers – Improvement/Warning Notices
Fixed Penalty Notice - £400.00
Escalating Penalty Notices
Employees Daily Rate Monthly
1 to 4 £ £1,500
5 to 49 £ £15,000
50 to 249 £2, £75,000
250 to 499 £5, £150,000
500 plus £10, £300,000
Civil Action
Criminal Prosecution up to two years imprisonment for serious non-compliance
WARNING
This will cost your business if you do NOT comply in time
Fees are cheaper than the Fines
32 Page HMRC document on fine pursuance

16. What We Do – Solution Peace of Mind
Workplace Pension scheme for your business compliant with The Pensions Act 2008
Compliance Communication from order to staging date, we hold your hand.
Ensures all eligible employees, contractors ‘workers’ are registered in the scheme so no one is excluded that should be included.
Contributions data checked to ensure it meets legal requirements.
Protect your business against disgruntled ex employees ‘whistle blowers’.
Provide all paperwork for employees and Regulator reporting for audit inspection.
Offer compliant pension providers who will consider you.
OR – via Payroll outsource provider – dedicated website

17. From Now to Your Staging Date
Our Fees – The Solution
From Now to Your Staging Date
Employee Base List Fees
1 to 2 £750
3 to 5 £900
Additional Workers charged at
All fees plus 20%
Discounted Fees
£600 [Special]
£750
£75
Our ‘one off’ fees cover everything in What We Do from now to your staging date – For Your Total Peace of Mind

18. Do it Now Workplace Auto Enrol Pensions – It’s the Law THE FACTS
The Pension Act 2008 makes all employers responsible to set up a workplace pension and automatically enrol eligible staff by your given ‘staging date’ even if you only employ ONE person.
Employers are responsible for the collection and joint contributions to a workplace pension that belongs to the individual employee which they can take with them from job to job.
Failure for your business to comply you will incur heavy penalty fines and daily fines until you comply.
If you delay you will get caught up in the inevitable capacity crunch. You should not put off what you can do today and save money in the process with Workplace Pensions.
Do it Now
Workplace Auto Enrol Pensions – It’s the Law

19. Compliance & Enforcement
From 1st Jan to 31st March 2016
In period [24] to date
Inspections - The power to inspect premises under section 74 of the pension Act [24]
Compliance Notices – Issued to remedy a contravention of one or more employer duties under section 35 of the pension Act , [7,834]
Fixed Penalty Notices – Issued penalties of £400 for failure to comply [2234]
Escalating Daily Penalty Notices – Issued penalties between £50 & £10,000 daily fines [127]
This is in the quiet period before it really gets busy from 2016

20. Time is a luxury you do not have
Doing nothing is Not an Option this is a legal requirement
As an Employer you MUST set up a Workplace Pension
All eligible workers MUST be auto enrolled
Avoid penalties and daily fines by your Staging Date
You need to act now and accept a business solution from Workplace Pensions Compliance.
Avoid the rush & heavy fines be compliant, be ready, no need to make any contributions till your staging date - be protected

21. You Can Relax with Consider it Done Contact For Questions
Tel:
Em:
Government Pension Regulator -
Consider it Done

22. Book Your Face to Face Consultation Now
Tel or Book Online