Auto enrolment pension set up.

Automatic enrolment pensions.

Setting up an automatic enrolment pension scheme can be a complex and time-consuming process, but it is a legal requirement for businesses in the UK.

If you employ at least one person who is over 22 years old and earns more than £10,000 per year, you are legally obliged to automatically enrol them into a qualifying pension scheme. Failing to comply with this legislation could result in significant fines and penalties from The Pensions Regulator.

At YPM, we understand the intricacies of automatic enrolment and are here to simplify the process for you. Our comprehensive service ensures that your business remains fully compliant with all pension regulations, while also taking the burden off your shoulders.

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Why choose our automatic enrolment pension setup service.

Choosing the right pension provider can be overwhelming with so many options available in the market. We work with many providers Including Nest Pensions, Peoples Pension, Royal London, Smart Pension and many more. We offer expert advice tailored to your business needs, helping you select a provider that aligns with your financial goals and offers the best benefits for your employees. Whether you're considering a well-known provider or a niche option, we'll provide all the information you need to make an informed decision.
We know your time is valuable, so we've designed a streamlined data gathering process that makes it easy for you to provide the necessary information. Our user friendly form collects all the details required to set up your pension scheme, ensuring accuracy and efficiency from the start. This means no more back-and-forth or missing information—just a quick and straightforward process.
Once you've chosen a pension provider, we handle the entire application process on your behalf. From submitting the necessary paperwork to setting up your pension scheme, we ensure that everything is done correctly and promptly. This includes managing all communications with the pension provider, so you can focus on running your business.
Automatic enrolment requires you to assess your employees' eligibility and enroll them into the pension scheme if they meet the criteria. We take this responsibility off your hands by conducting a thorough assessment of each employee on your behalf. Our service includes:

Eligibility assessment: We assess each employee’s age, earnings, and other relevant factors to determine if they are eligible for automatic enrolment.

Employee communication: We prepare and distribute all legally required communication to your employees, informing them of their rights and options under the pension scheme.

Enrolment process: Eligible employees are automatically enrolled in the pension scheme, while those who are not eligible are provided with information on how they can opt-in if they wish.
One of the final steps in setting up an automatic enrolment pension scheme is submitting a Declaration of Compliance to The Pensions Regulator. This declaration confirms that your business has met its legal duties regarding automatic enrolment. We complete this declaration on your behalf, ensuring that all the details are correct and submitted within the required timeframe. This final step is crucial in avoiding penalties and maintaining compliance.
Setting up a pension scheme is just the beginning. We provide ongoing support to ensure that your business continues to comply with automatic enrolment regulations. This includes re-assessing employees who change their work status, managing opt-ins and opt-outs, and handling any queries from your employees regarding the pension scheme.