Originally posted by northernladuk
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: How to opt out of work place pension?
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "How to opt out of work place pension?"
Collapse
-
Originally posted by Darren at DynamoAccounts View PostNest Guidance Document para 3.1.2, page 24
Am I wrong, but this is a web based interface in NEST. I have seen it. It holds all the staff and their status for WPP. SO once you have them opt out you don't have to send any more returns or anything.
Leave a comment:
-
Opt out
Originally posted by kolata View PostOK, I am with NEST, do they require anything more? Do you mean the pension provider to require periodic return? Why would they need that if the employee is opt out?
Leave a comment:
-
Originally posted by Darren at DynamoAccounts View PostThe 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.Last edited by kolata; 5 July 2016, 09:16.
Leave a comment:
-
Originally posted by Wijay@WISAccountancy View PostYour company = Employer, You = Employee. See below from Pension regulator
.
Leave a comment:
-
To be fair if you need to ask an account about the differences between employer and employee I am sure there are a raft of other things you will need to ask them as well.
Leave a comment:
-
Originally posted by kolata View PostIn 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.
Leave a comment:
-
Originally posted by kolata View PostIt is one director + one employee. So it seems I am an employer.
Automatic enrolment for directors
I'm the only director of my own company - do automatic enrolment duties apply to me?
If you are the sole director and you have no other staff working for you, the company does not have automatic enrolment duties.
If you believe you don’t have any automatic enrolment duties you will need to tell us that you’re not an employer.
If there are other staff working for the company, you will have automatic enrolment duties for them. What you need to do will depend on their ages and earnings.
Use our Duties Checker to understand the specific steps you need to take.
Leave a comment:
-
Opt Out
Originally posted by kolata View PostIn 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.
Leave a comment:
-
Originally posted by kolata View PostWasn't it going to be easier if you answered the question if you knew the answers?
Instead of trolling?
Leave a comment:
-
Originally posted by WTFH View PostWho 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.
Instead of trolling?
Leave a comment:
-
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.
Leave a comment:
-
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.
Leave a comment:
-
Originally posted by kolata View PostYes.
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.
Leave a comment:
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- A new hiring fraud hinges on a limited company, a passport and ‘Ade’ Today 09:21
- Is an unpaid umbrella company required to pay contractors? Yesterday 09:28
- The truth of umbrella company regulation is being misconstrued Nov 25 09:23
- Labour’s plan to regulate umbrella companies: a closer look Nov 21 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
Leave a comment: