Payroll Legislation Changes: Auto Enrolment
Auto Enrolment is a set of duties to make sure all eligible employees automatically become members of a qualifying pension scheme with a high enough level of contributors.
Under Auto Enrolment the employer must contribute towards their employer’s pensions scheme and the minimum contribution amounts for both the employer and employee are being phased in gradually.
This new legislation will make a big change to the way you manage your employee’s pensions; and the legislation carries with it a significant amount of administrative obligations.
- Time Frames
Employers must commence with Auto Enrolment responsibilities from your staging date. A staging date is defined by the number of employees in a business PAYE scheme, as at 1st April 2012.
Contact CentrePoint Software on 020 7831 3050 to find out when your staging date it is
Sage 50 Payroll: Auto Enrolment Edition
Sage has released a new Sage 50 Payroll: Auto Enrolment Edition which has been designed with features to help you get prepared for the legislation change.
The new features are:
- Pensions Centre
- HMRC Reconciliation
Contact us on 020 7831 3050, where you can speak to one of our experienced consultants to see how Sage 50 Payroll: Auto Enrolment can benefit your business, and to find out what your upgrade options are.