Automatic Pension Enrollment

[Forbes Young]

Thanks. I'll wait and see what my accountant says but might send him a link to this thread - I think he was waiting to get tax return season out of the way before doing serious research on the subject.

As I understand it there's still a few years until this kicks in for most of us anyway isn't therE?

Not really - it depends on the staging date allocated to a given business and one of our clients has already been sent a letter. The staging dates should be 2016 and 2017 for our clients but for some reason (confusion probably) letters are being churned out already. So its best to know what to do for when the letter arrives with you.

Graeme Bennett ACMA MBA

[VelcroPower]

Got this from TPR today - hopefully will be of use;

To confirm to The Pensions Regulator that there are only directors in the company, none of whom are workers for the purposes of automatic enrolment please send an email to [email protected] stating the following:

1. I confirm that [company name] is a not an employer for the purposes of automatic enrolment for the following reason – (select one option from the list below):
a) there is only one director and there are no other staff working for the company
b) the only people working for the company are directors and none of them has an employment contract
c) the only people working for the company are directors and only one of them has an employment contract
d) the company has ceased trading (including date ceased)
e) (if there is some other reason why you believe you do not have any automatic enrolment duties, please provide a brief explanation)

2. The letter code for the company is: [The letter code is a 10 digit number which can be found on all letters sent from The Pensions Regulator]
3. The PAYE scheme(s) reference is:
4. The companies house number (where applicable):
5. The name, email address, address and telephone number of contact at the company.
If the company’s circumstances change so that there are at least two people working for the company under contracts of employment (whether directors or other staff) then you will need to inform us of this as soon as possible.

[Platypus]

The staging dates should be 2016 and 2017 for our clients

My staging date is June 2015

Finished my NEST enrolment today. Now need to send a letter to myself explaining it all

[TheCyclingProgrammer]

That letter above only mentions directors - what about company secretaries? Should be the same position shouldn't it?

[TheFaQQer]

That letter above only mentions directors - what about company secretaries? Should be the same position shouldn't it?

I would expect so - the key thing is that there is no contract of employment.

[Jessica@WhiteFieldTax]

I would expect so - the key thing is that there is no contract of employment.

I would expect so as well, but the letter is unsatisfactory - 1a is singular, 1b and 1c are plural.

I just wish we had some intelligent communication from TPR. Grr

[jjdarg]

FWIW, (and not sure if it contributes to this discussion necessarily)

I asked Hargreaves Lansdowne about my Vantage SIPP potentially qualifying for the auto enrolment. They said that for right now, the SIPP can be used for employer contributions (distinct from auto enrolment, of course) and I filled out a bit of paperwork to make it legit.

But they are awaiting further guidance (in April, I believe) from TPR as to whether the Vantage SIPP would qualify for auto enrolment purposes - so it looks like there are some aspects of auto enrolment that are still up in the air.

[Forbes Young]

I would expect so as well, but the letter is unsatisfactory - 1a is singular, 1b and 1c are plural.

I just wish we had some intelligent communication from TPR. Grr

I think all will become a lot clearer once our clients receive replies to the emails sent to the PR based on what our advice is (which Ive given in a previous post). Im still awaiting one or two of the first clients who have been approached to let me know what they receive back from the PR.

Graeme Bennett ACMA MBA

[Jessica@WhiteFieldTax]

I think all will become a lot clearer once our clients receive replies to the emails sent to the PR based on what our advice is (which Ive given in a previous post). Im still awaiting one or two of the first clients who have been approached to let me know what they receive back from the PR.

Graeme Bennett ACMA MBA

Yep, stance I'm going to get my team to take once we get into it. Send multi opt outs in and wait for rejections. A bit farcical though, TPR ought to have seen this coming. How many companies will it apply to? Probably 30% or more on register.

[cojak]

I've decided I'm gonna go with NEST for simplicity. My accountant also told me I have to have a scheme, even if everyone opts out!

I've had a look and I think I'll do the same Platypus.