Workplace pensions
Systematic Auto Enrolment Services (SAE) is the sister company to Fairmans, and is a specialist company designed to give pensions the focus they need.
Workplace pensions
What we do
We’ll assist you in setting up these schemes, completing the declaration of compliance, and then taking over the day-to-day administration from you.
Workplace pensions
Pension compliance
SAE assists all types of businesses ensuring they are compliant with workplace pension legislation.
The Government introduced workplace pensions to encourage employees to save for their future retirement. They’ve insisted that every employer with at least one member of staff has a duty to set up a suitable scheme for all eligible employees.
Contributions to the pension fund come from three sources:
The employee
Monthly contributions from your employee’s normal payslip.
The employer
Monthly contributions from your monthly turnover.
The government
HMRC will contribute a percentage to the pension fund.
Failure by employers to set up an appropriate scheme will lead to having fines being levied by the Pension Regulator.
Leave it to the specialists
Leave it all to us as specialists to help alleviate pressure on your business.
Contact Karen on 01772 456 782 or e-mail karen@saenrolmentservices.co.uk for further details.
Workplace pensions
Pension services for employers
The team at SAE is ready to meet your workplace pension scheme requirements.
An employer is required to keep records of all data involved with the scheme including contributions made. They’re required by law to ensure that all eligible workers are enrolled in an appropriate pension scheme at the correct time.
We can provide you:
Assistance
Setting up your workplace pension scheme so that it complies with all the requirements of the Pension Regulator and, more importantly, to offer ongoing service.
Support
We’ll keep you informed and in control of your pensions – if you’re struggling then don’t worry. We’re on hand to help.
Workplace pensions
Information for employers
Contributions are made by each employee, the employer, and also the Government.
An employee can opt out of the scheme, but that means losing out on the employer and Government contributions which is equivalent to refusing a tax-free salary increase of 4%.
Every employer has to automatically enroll employees into a workplace pension who:
- Are not currently in a scheme
- Whose age is between 22 and state retirement age
- Whose gross earnings exceed £10,000 per year
- Who works in the U.K
Example
Jayne contributes £40, her employee contributes £30 and the Government gives £10 tax relief so that a total of £80 is paid into Jayne’s pension.
Workplace pensions
Cost for employers
The current minimum contributions to be paid into these workplace pension schemes are as follows:
%
As an employer you pay
%
Your employees pay
%
Total minimum contribution
These contributions are based on gross earnings which include salary and wages and can include commission, bonuses, and any other item so long as it is clearly specified by the employer.
Workplace pensions
Why choose us
Based in Lancashire, we offer specialist support and guidance on all aspects of workplace pensions.
Proud
We’re proud of who we are, and the support we offer. It’s not just about making money – it’s about securing people’s futures.
Support
We’re always on hand to support you, no matter what you need. We’ve got skills and tools to make sure you’re not stressed.
Trouble free
Don’t feel constrained by the classic ideas surrounding pensions. We’ll be here to make it all make sense.
Knowledge
We’ve got a wealth of knowledge in this sector, so we’d call ourselves experts. You’ll get the finest advice possible.
Simplicity
We make things easy to understand and without any stress. You won’t feel confused at any stage of the procedure.
Client portal
All of the work we do will be accessible to you in one portal. Then you know what we’re doing and how we’re doing it.
Workplace pensions
Meet the team
With years of experience working with employers to set up and run their auto-enrolment pension schemes, our team is on hand to answer any question you have.
Workplace pensions
True potential
We have forged a connection with True Potential LLP who provide not only a seamless administration system for us to administer these schemes with but also access to their award-winning software. This provides added benefits to each employee in each scheme we administer.
contact us
Tell us about your business today
Why not give us a call to find out how we can help your business on 01772 456 782 or e-mail karen@saenrolmentservices.co.uk