Contact Us

The Pensions Regulator is writing to over a million small and micro business owners with auto-enrolment staging dates between May 2016 and August 2017 to remind them of when their new workplace duties begin.

The reminders will include vital information such as the date the law applies and how they can nominate a contact with The Pensions Regulator.

Recent research from The Pensions Regulator found that the majority of small and micro employers agree that auto-enrolment for employee pension schemes is a ‘good idea’. 86 per cent of small and three-quarters (75 per cent) of micro employers believe workplace pensions are important for the financial security of their workforce.

Around five million UK workers are now automatically enrolled into a pension scheme; but while it’s automatic for staff it’s not automatic for employers who must plan and prepare for the steps they need to take in order to comply with the law and avoid any financial penalties.

Late last year, the Department for Work and Pensions (DWP) responded to a consultation which reviewed the earnings thresholds for auto-enrolment into a workplace pension for April 2015 to March 2016.

The DWP proposes to lay a draft Revision Order before Parliament in early 2015 which specifies the following amounts:

  • £5,824 for the lower limit of the qualifying earnings band

  • £42,385 for the upper limit of the qualifying earnings band

Employers use the amount someone earns between the lower and upper qualifying bands to calculate how much that person must pay into a workplace pension.

The amount someone must earn to be automatically enrolled into a workplace pension will remain at £10,000 per annum.

The Pensions Regulator has created a host of audio resources on YouTube designed to give employers advice on the following topics:

Date published 27 Jan 2015 | Last updated 27 Jan 2015

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses and work with 80,684 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free, no obligation consultation

0800 0523 555

Or contact us