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Rising employment statistics
The Office for National Statistics has published the latest employment statistics which reveal:Read more >
12 Jun 2017
TPR name and shame those who fail to comply
The latest Compliance and Enforcement Bulletin from the Pensions Regulator (TPR) makes interesting reading as it sets out cases and th...Read more >
11 Jun 2017
Advisory fuel rates for company cars
New company car advisory fuel rates have been published which took effect from 1 June 2017. The guidance states: ‘You can use the...Read more >
9 Jun 2017
Second Hand Cars for Business? A REAL Alternative!
I’m Chris, the founder of a Solihull based business with an International customer base. In the last 12 months, I’ve seen my bus...Read more >
26 Jun 2017
Auto enrolment is not a ‘one off’ job
Employers need to carry out a number of tasks on an ongoing basis to remain fully compliant with the law.Read more >
15 Jun 2017
Check of employer records
HMRC have been tasked to raise additional revenue. This will be achieved through a variety of methods, including increased employer complian...Read more >
30 May 2017
Auto Enrolment is the latest Government initiative surrounding workplace pension reforms. With an ageing population, and the realisation by Government that there will be insufficient funds available to pay for people's retirement, they have set out the need to increase the number of people regularly paying into pensions, thus saving for their retirement themselves.
The rules around Auto Enrolment mean that there is a greater onus on the employer to undertake a number of processes to ensure that they are complying with the legal requirements and supporting their staff effectively.
Every employer running a PAYE scheme has been issued with a staging date. This information has been communicated by the Pensions Regulator, however to find out when yours is please click here.
Whilst there is a major one off exercise to prepare for Auto Enrolment there will also be an ongoing draw upon resources to administer the workforce assessment requirement every pay day. In fact, one industry expert is suggesting that an additional 100 days will be required each year just to fulfil its ongoing requirements.
Prime's payroll team have already been working with some of our larger clients to prepare for Auto Enrolment.
So why should you outsource Auto Enrolment administration to Prime?
- Eliminates the need to find and train resources for a one-off peak activity
- Alleviates the significant ongoing administrative burden
- Guarantees compliance with legislation
- Cost effective - organisations can benefit from the economies of scale provided by outsourcing
- Ability to set high service level agreements
- Allows management the time to focus on core business activities.
To find out how we can help please contact us on 024 7651 8555.