Robinson Reed Layton Margaret Hawken MCIPP (dip) Payroll and Pension Services.

Robinson Reed Layton

Margaret Hawken MCIPP (dip)Payroll and Pension Services

Pension Reform and Auto Enrolment

DON’T

PANIC!

• We are here to help• The majority of small and medium sized business

will stage in 2016 and 2017

Robinson Reed Layton & DCNWho are we?

• BACS Registered Bureau

• Dedicated Payroll Team

Payroll Services Team –Working with our clients to provide a seamless service

• Importing variable data• Emailing password protected reports and payslips• Auto Enrolment Research

– Staging Dates– Assessment – Preferences

• New Clients

Employer Staging Dates

2013 2014 2015 2016 20170

100000

200000

300000

400000

500000

600000

700000

800000

900000

Employers Staging

2017

• 845,250 employers

• 230 working days

• 3,675 employers staging per day

• Will the systems cope?

• Prepare early

Getting Ready –Working with your IFA

(Independent Financial Advisor)

• Initial overview meeting • Choice of Pension Scheme • Assessing employees – data provision• Setting up the scheme and acting as agents• Scheme charges• Let us know and we can help you get there

Getting Ready – Communication to Employees

• Robinson Reed Layton can be a key part of your communications strategy for auto enrolment

• The standard letters from Sage use The Pension Regulator specified wording

• General notices can be sent to all employees any time in advance of your staging date

• Or can be emailed to employees’ home email addresses (with employees’ permission)

Pension Output

• Standard reports for major providers in place• Bespoke reports or interfaces can be produced on

request• Data is available in various formats:

PDF

CSV

Excel spreadsheets

Text Files

Paper copies→ File upload

Going Live – Calculating Pension and Producing

Enrolment letters

• Going live – this is the exciting part – now you are ready for go live!

• Once the staging date has been reached, we can assess all employees on your first live run

• Deduct contributions as per the scheme rules

• Postpone employees with pay spikes, new starters etc as per scheme rules

• Produce letters to employees who have been enrolled and postponed

Record Keeping and Administration

Paper Paper Paper Paper

Paper Paper Paper Paper

Paper Paper Paper Paper

Paper Paper Paper Paper• If you recognise yourself in this picture, it will only

get worse when you reach auto enrolment!

• By using Robinson Reed Layton’s services for Payroll and Pension processing, we can take this administrative burden away from you

Robinson Reed Layton & DCNHow we can help you

• Standard payroll processing & RTI• Pension assessment for auto-enrolment • Communications• Contribution calculation• Pension output• Record keeping

Pension Reform and Auto Enrolment

Question Time

www.rrlcornwall.co.uk/events