The Chartered Institute of Payroll Professionals ……………………………………………………………Policy News Journal
doing the things we love - whether that’s going out for dinner, trips to the cinema or maybe even a week in the sun. Having a pension could go a long way to helping achieve those aspirations.”
Malcolm McCurrach, self-employed owner of New Wave Images UK based in Scotland, said:
“I know that saving for my retirement is important, vital in fact. And if I don’t prioritise it, who will? I’ll admit, my wife did give me a little bit of a nudge to get a self-employment pension set up, and I’m glad she did. I have a direct debit paying into my NEST pension every month. I find it really flexible because I have the choice whether to dial it up or down as my cashflow changes. Generally though, I put in the same amount each month and feel peace-of-mind that I am setting aside something for my future.”
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Invitation to agents and payroll bureaux to participate in auto enrolment project 14 October 2016
The CIPP is working with LP Auto Enrolment Solutions on a project to help agents assess the accuracy of the AE processes they have undertaken on behalf of their clients.
For example this could mean the accuracy of when assessments have been performed as well as the deductions that have been made from salary each pay reference period.
This may be of interest to you if you have automatically enrolled a client with particularly challenging or complex circumstances and you are not sure if you have undertaken all the processes correctly, or simply if you would like to reassure yourself that you have the correct processes in place as you continue to support clients in the future. There will be a small cost to participants of £50 +VAT for each company you would like to check as well as an additional fee of 25 pence per employee per month for each month that has passed since the official staging date. This fee is to cover the resource needed to perform the necessary checks of your data and provide you with a report which outlines any errors found. Following your completed assessments you will also be given an opportunity to discuss any error report produced to establish how these can be addressed. This is included within the costs detailed above, however any subsequent discussion may incur further costs.
This is a confidential service so you can remain anonymous to the CIPP if you prefer and the CIPP will not have access to any individual agent data.
If you would like to take advantage of this opportunity and take part in this project, or would like more information about what it entails please call 01173 709 770 and ask to speak to the Auto Enrolment Policy Department.
This project will take place during October 2016 and we would envisage results being available by the end of November at the latest, however please discuss any pressing timescales with the Auto Enrolment Policy Department in advance of confirming your desire to participate in the project.
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Auto enrolment: Are you nominated as a secondary contact? 20 October 2016
The Pensions Regulator sends regular letters and emails to employers with key dates and notifications about automatic enrolment.
If you are a business adviser in any capacity for auto enrolment, make sure your clients have nominated you as their secondary contact with The Pensions Regulator so that you also receive this information.
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The Chartered Institute of Payroll Professionals
Policy News Journal
cipp.org.uk
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