Find out how to take the workload out of workplace pensions!

The government’s auto enrolment pension reforms – which require every UK employer to put qualifying staff into a pension scheme and contribute towards it, have been up and running since 2012. Initially the new pension duties only applied to the largest employers, but now they’re being rolled out to include smaller businesses, so that by the end of 2017, all businesses employing at least one person will need to comply with the regulations.

This means they will need to:

  • Set up a workplace pension scheme that meets the new rules

  • Automatically enrol workers who meet the age and earnings criteria

  • Make a minimum contribution for all eligible workers

  • Enrol other workers if they ask to join the scheme

Auto enrolment is designed to invigorate pension saving in the UK and increase the number of employees saving into a workplace pension, and the Pensions Regulator will be imposing significant penalties on businesses that fail to enrol eligible jobholders into a scheme by their designated ‘staging date’.

Is your business ready?

Auto enrolment is a legal obligation you can’t afford to ignore, and it’s vital you are aware of all the implications. But it can seem confusing, and if you don’t fully understand what you are required to do, it has the potential to be a time-consuming process that can distract you from getting on with running your business.

If implementing auto enrolment feels like one more headache you could really do without, don’t panic! Our strategic partner and pension expert Tom Frizzell will explain everything you need to know at our upcoming workshop, ‘Taking the Work Out of Workplace Pensions’.

Tom’s presentation will be accessible to anyone, whatever their knowledge of business finances might be

As well as giving an overview of the scheme he will explain:

  • The difference between a workplace pension and a standard pension

  • What happens if you already have a pension scheme in place

  • The choices open to your staff

  • Your obligations and key responsibilities

  • What you need to do, when you need to do it by and the implications if you don’t

There will also be a Q & A session during which you’ll be able to put questions to Tom about any specific queries you might have on auto enrolment.

Tom will also touch on pensions generally, and the tax benefits they can deliver to business owners – and as we approach the end of the tax year, Tom has also promised to give us some advice on strategy planning which we can implement in our personal and business lives to help us become more tax efficient.

About Tom Frizzell

Pension expert Tom owns Frizzell & Partners Wealth Management LLP, Partner Practice of St. James’s Place Wealth Management, one of the UK’s leading wealth management organisations.

Based in Wallingford, Tom works with business owners and private clients in the City of London, and throughout Oxfordshire and the Home Counties, providing them with trusted advice and a wide range of services to bring financial peace of mind.

This event is a must for every small business owner who is an employer. As well as coming away with all you need to know about auto enrolment, you’ll be able to network with other local business owners. It’s going to fill up fast, so make sure you reserve your place now to avoid disappointment.

We look forward to seeing you there!

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Book your place now!

Taking the Work Out of Workplace Pensions

Friday, 17th February, 2017, 9.30 am-12 am. Howberry Park, Wallingford.