22 Jul Pension Schemes, Furlough and On-going Duties
On-Going Duties, Automatic enrolment & re-enrolment
Whether you offer your staff a defined benefit (DB) or a defined contribution (DC) pension scheme, go to The Pensions Regulator’s (TPR) COVID-19 hub, where you’ll find all its guidance for employers in one place about your on-going duties.
You must continue to monitor your on-going duties and commitments to employees and the workplace pension scheme. Find out more here from the Pensions Regulator about your on-going commitments.
Your automatic enrolment, re-enrolment and on-going duties still apply as normal when your staff are furloughed as part of the Job Retention Scheme or still working.
You also need to keep paying the correct contributions. The Pensions Regulator has added guidance on how the changes to the CJRS affect pension contributions, how to calculate contributions for part-time furloughed workers and technical guidance employers and their advisers (e.g. salary sacrifice arrangements). You can also find out what to do if you’re struggling to pay your pension contributions.
If you are struggling with managing your work place pension on-going duties then please drop us a line. We work with a variety of businesses offering a bespoke payroll and pension administration service.
Our outsourced payroll and pension administration service is tailored specifically to you and your businesses requirements. Whether you have 1 employee or 100 we can offer a variety of options including e-payslips or printed secure payslips, monthly reporting and pension scheme administration. Give us a call now on 01379 646943 and find out how we can ease the burden of payroll and workplace pensions.