top of page
LG-logo_edited.png
cushon-_edited.png
smartpension-logo-free_edited.png
Creative Pension Trust_edited.png
1200x630wa_edited.png
aegon_scot-eq_logo_720px_edited.png
logo-Now_edited.png
PeoplesPension_edited.png
aviva_edited.png
download_edited.png
Amber Pension_edited.png
Royal London_edited.png
NEST.png
Workers Pension Trust_edited.png
5d3aeed8b7981_edited.png
standard-life_edited.png

Workplace Pension

Automatic Enrolment (AE)

Delivering the best solution for our clients

The Pensions Act 2008 is an Act of the Parliament of the United Kingdom.  As a result of Government legislation, in the form of the Pensions Act 2008, all employers will be responsible for automatically enrolling employees who are not currently saving for their retirement into a pension arrangement.  The legislation brought about by the Act became active on 1 October 2012 with the largest of employers being the first to auto enrol 'eligible' workers (jobholders) into a 'qualifying' workplace pension scheme.  With this scheme, the employer will also be obligated to make pension contributions.

 

In 2005 a Government Pensions Commission concluded that the present State Pension system was not adequate of prevent future pensioners from being placed in poverty, therefore the commission recommended that to avoid pensioner's poverty there needed to be an increase in private savings, workers saving for their retirement via a work place pension shceme. 

 

Below are some of the pension companies SIMCO currently working with via Auto Enrolment, however, as our client list grows so will our pension suppliers.

Just some of the Pension providers SIMCO currently work with

Plan for

                your retirement

New Employers

After the 1st October 2017, new employers will have an immediate duty from their first employee’s start date to comply, known as the ‘Duty Date’.   This means that any employer with one or more staff has duties to comply with that starts on their given staging date or duty date.  Including automatically enrolling those who are eligible into a workplace pension scheme and contributing towards it.  It is called automatic enrolment because it is automatic for staff – they don’t have to do anything to be enrolled into a pension scheme, however, it is not for the employer!

​

Every employer needs to have a pension scheme in place. For new clients, we can help you to choose a suitable scheme.  SIMCO's processes will ensure the following, on an ongoing basis to ensure you are legally compliant.

​

•  Assess your workers

•  Set up a pension scheme for new clients

•  Calculate employee and employer contributions every          payroll run

•  Carry out ongoing assessment of your workers

•  Submit a Declaration of Compliance every three years of      your legal obligation to re-enrol

Existing Employers

If you are looking for a complete payroll and pension management solution, SIMCO certainly can help.  We will work a list of major pension providers, growing as our clients gown, and as part or fully managed pension service we manage the following: 

​

  • Jobholder assessments

  • Data transfers & communications from pension provider*

  • Opt-out refunds

  • Opt-in requests

  • Contribution calculations

  • Staging date or duty date postponement

  • Jobholder postponement

  • Jobholder communications

  • Member data transfers to pension provider*

  • Contributions data transfers to pension provider*

  • Three yearly re-enrolment processes

  • The Pension Regulators (TPR) – Declaration of Compliance

  • TPR – Communications

ImageGen_edited.png

Think about

                        your future

Our payroll services encompass every aspect of the process

bottom of page