HOW AUTO ENROLMENT WORKS
AND HOW NURTURE MAKES IT EASY FOR YOU
Helping you every
step of the way
Easy to use enrolment software
Excellent value compliant workplace pension
WHY IS THIS HAPPENING?
This legislation compels the employer to set up and run a Workplace Pension Scheme by a certain “staging date” that must conform to new pension regulations. The Nurture Workplace Pension platform covers all your clients’ duties, including pension provision.
WHAT DO YOU HAVE TO DO?
WHO IS ELIGIBLE?
In 2015/2016 companies with 150 employees or fewer are legally obliged to Auto Enrol their employees into a workplace pension scheme. You must:
Auto Enrol all eligible employees into a workplace pension
Collect their monthly contributions
Inform your employees of how workplace pensions work
All companies with 250+ PAYE employees are already obliged to be compliant.
The Auto Enrolment pension applies to all PAYE employees who are:
Aged between 22 & state pension age
Earning more than £10,000 a year
Working in the UK
The deadline for Auto Enrolment depends on the number of PAYE employees you have as at 1st April 2012 – see the diagram below for your company ‘staging date.’
WHEN DO I HAVE TO AUTO ENROL?
Automatic Enrolment started on 1st October 2012 with the largest companies going first. The date your company needs to start a workplace pension scheme depends on the number of workers as at 1st April 2012. Please note that for Automatic Enrolment you may need to include agency, sub-contract, self-employed and temporary workers.
You can check your staging date at:
WHY NURTURE FOR AUTO ENROLMENT?
WHY NURTURE FOR WORKPLACE PENSIONS?
Easy set up
User friendly account management
Nurture provide a complete software service solution for employers who are setting up an Auto Enrolment pension scheme. We make it easy for employers to set up and manage workplace pensions, and ensure that they comply with all the regulations.
Low 0.59% annual Pension Administration Fee
Low 1% contribution charge
The combined effect of these costs is within the Government’s charging cap of 0.75%
With Nurture you have access to a leading pension fund offering great value. Nurture are backed and run by a highly skilled team of professionals who have been operating in the UK pensions market for 30 years.
HOW MUCH DOES NURTURE AUTO ENROLMENT COST?
WITH NURTURE YOU PAY A STRAIGHTFORWARD, LOW FEE OF JUST:
Minimum fee £10 + VAT / monthly. Fee capped at 20 employees.
NO minimum number of employees per scheme
NO unnecessary minimum contribution levels
NO hidden fees
There are no hidden or extra costs. It’s as simple as that. Just a fair minimum fee of £10 per month for up to two employees, then £5 for each additional employee – capped at a maximum monthly spend of £100, whether for 50 or 5,000 employees.