Pensions And Automatic Enrolment
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Pensions And Automatic Enrolment
The UK pensions law has undergone significant changes, making it mandatory for all businesses and organisations to support their employees in saving for retirement. To comply with the new regulations, employers must familiarise themselves with Pensions Automatic Enrolment and take specific actions. ClearPayroll offers comprehensive solutions that seamlessly integrate the auto enrolment process with payroll processing, ensuring efficient administration and cost savings.
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Reviewing pension arrangements
Evaluate your existing pension arrangements and ensure they meet the requirements of the new law. Consider updating or modifying them, if necessary.
Making contributions
Regularly contribute to your workers' pensions as required by the new law. These contributions will contribute to their retirement savings.
Conclusion
The UK pensions law has undergone significant changes, making it mandatory for all businesses and organisations to support their employees in saving for retirement. To comply with the new regulations, employers must familiarise themselves with Pensions Automatic Enrolment and take specific actions. ClearPayroll offers comprehensive solutions that seamlessly integrate the auto enrolment process with payroll processing, ensuring efficient administration and cost savings.