Whether you are a small or a large employer, our award-winning Auto Enrolment Pension Solution delivers automated assessment for new employees, enrolment and re-enrolment that works in harmony with your existing SD Worx payroll processes. Naturally, compliancy is assured.
The introduction of auto enrolment disrupted the Payroll & HR sector. No one knew for sure what the outcome would be with regards to take up of pensions and employee opt-out rates. By 2020, it is estimated that one in nine, or 3.2 million people, will be earning the National Minimum Wage (source: Office for National Statistics).Many employees may have already started to opt-out of the auto enrolment due to the increase of employee contributions to 3%.
Our Payroll Maestros predict that with the further increase of employee contribution by 60% we will see a much higher opt-out rate. This brings increased complexities, administration and the correct categorisation of refunds.
We're here to support you. Our award-winning Pension solution gives you the confidence that your calculations are spot on.
Fact: all UK employers are required to enrol qualifying staff into a pension scheme and make contributions. Also a fact: the process of compliance requires knowledge and expertise.
Trust the SD Worx Auto Enrolment Essentials solution to handle it effortlessly and automatically.
Re-enrolment is the process by which, on the third anniversary of your staging date, employers have a duty to re-enrol workers who are not members of a pension scheme back into pensions saving (those who have chosen to opt-out or ceased membership). We're on hand to help you fulfil this correctly.