Minimum pension contributions will increase on 6th April 2019
What you need to do
It is your responsibility under the Pensions Act 2008, to make sure the right minimum contributions are being paid for your staff. If you are already paying above the increased amounts, you don’t need to take any further action. Yours 4 A Day Ltd will manage this process and increase your contributions accordingly. You will need to let your staff know about any increases being applied to their
Every three years certain staff must be put back into a pension scheme. This is called ‘re-enrolment’. More information can be found here. Yours 4 A Day Ltd will complete this process for you automatically three years after your original enrolment date and will charge a processing fee of £25.00 + VAT. Please let us know before your re-enrolment date should you wish to make alternative arrangements. All qualifying staff are required to be re-enrolled and will need to be informed of this in writing. Should they wish to opt-out they will need to inform the pension provider. Yours 4 A Day Ltd will manage this entire process as part of our processing fee.
Should you have any questions, please get in touch and we’ll do our best to help.