How to opt out of work place pension?

[northernladuk]

It is one director + one employee. So it seems I am an employer.

Do you have a contract of employment for your employee?

You've got to remember you are asking a bunch of contractors what to do. If you want proper advice you go to an accountancy forum or an IFA forum where the denizens are experts in their field. I think the problem is you haven't understood the audience you are asking.

[kolata]

In case of director only company, does the director need to do anything to opt-out?
Or they are not workers and auto enrolment doesn't apply?

[kolata]

Do you have a contract of employment for your employee?

Yes.

[missinggreenfields]

Yes.

If they are over 22, under the state pension age, paid more than £10k and work in the UK then you must offer a workplace pension scheme.

The individual can opt out if they want to, but you cannot force them to opt out. They can opt out for three years, and then have to opt out again. They also have the right to rejoin the scheme, but they can only ask once every twelve months.

So if they meet the requirements then you need to set up a scheme. As others have said, NEST looks reasonable but there are others available.

[WTFH]

In case of director only company, does the director need to do anything to opt-out?
Or they are not workers and auto enrolment doesn't apply?

If your company has not signed up to a scheme then there is nothing to opt out of.

[kolata]

In process of choosing new accountant.
One of the things he mentioned in the preliminary chat was about the work place pensions.

In a nutshell he said that even thought all employees opt out of the scheme there are still ?monthly? responsibilities for the company to file ?a return?

Is that so or I need to keep searching for an accountant?

Are theatre any responsibilities for the LTD if all staff has opted out?

?? - I am not sure is this was the strict words, but along these lines.

[WTFH]

Who is the accountant you are talking to? Is it one who specialises in contractors, or the cheapest one you could find/a friend of yours?


There are several accounting firms suggested on here who will be able to answer those questions for you.

[kolata]

Who is the accountant you are talking to? Is it one who specialises in contractors, or the cheapest one you could find/a friend of yours?


There are several accounting firms suggested on here who will be able to answer those questions for you.

Wasn't it going to be easier if you answered the question if you knew the answers?
Instead of trolling?

[northernladuk]

Wasn't it going to be easier if you answered the question if you knew the answers?
Instead of trolling?

Yeah ban the tro.... Oh.. Hang on

[Darren at Fox-Bartfield]

Opt Out

In process of choosing new accountant.
One of the things he mentioned in the preliminary chat was about the work place pensions.

In a nutshell he said that even thought all employees opt out of the scheme there are still ?monthly? responsibilities for the company to file ?a return?

Is that so or I need to keep searching for an accountant?

Are theatre any responsibilities for the LTD if all staff has opted out?

?? - I am not sure is this was the strict words, but along these lines.

The company will still be required to submit RTI to HMRC each month with the usual payroll data but depending on your provider, may require a periodic return for the pensions. However if your accountant is doing the payroll then they may be submitting any returns to the pensions provider as part of the package.