Top 3 payroll & pension auto enrolment Q&A
We presented on payroll and pension auto enrolment recently at the Herefordshire & Worcestershire Chamber of Commerce Bromsgrove networking lunch. Despite this issue affecting the vast majority of employers, we found that many were still unclear on some points. Here are the top 3 questions we answered:
Question 1
“Can I opt out of auto enrolment via my employer?”
Answer: “Yes, you can. You’ll need to let them know by following the opt out procedures outlined in your auto enrolment communications”
Question 2
“I am a single director company; do I need a pension scheme under auto enrolment?”
Answer: “No, there is no requirement to set up a pension scheme if you are a single director company with no other employees. However you still have employer duties with the pensions regulator”
Question 3
“I am a single director company, am I eligible for the employers allowance?”
Answer: “No, single directors companies with no employees are no longer eligible for the employers allowance from 6th April 2016”
We faced other questions which apply to the majority of employers and would be happy to discuss these in more detail with you. Please contact our payroll and pensions team with your queries – [email protected] or [email protected] or call 01527 558539.