Default Pension Scheme

Page 2 www.david-allen.co.uk Employer Services In October 2012 the government introduced a requirement for all employers to enrol eligible employees into a qualifying pension scheme. All exisiting businesses that had a payroll scheme will now have staged. However for any new payroll schemes, their pension duties commence immediately. Here at David Allen we can help you choose a compliant pension scheme, register and administer the scheme for you, as well as advising and answering your employee’s questions about the scheme on your behalf. Employer’s obligations – actions required Employers choosing DA default pension Choose a pension provider We manage all your employer obligations for you Choose a compliant pension scheme Assess your employees for auto enrolment purposes (continuously): • Eligible employees • Non-eligible employees • Entitled employees Provide communications to your employees as applicable including: • Letters about the scheme • Letters to opt out • Letters to opt in Set up an employer portal with your pension provider Set up the correct pension percentage deductions on your payroll system for both employee and employer contributions Monitor the contributions and update according to legislation Upload a monthly 34 column CSV file to your provider detailing all contributions along with other details Inform the pension regulator of the scheme you have set up Keep pension records for a minimum of six years