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12 May 2015

Gary’s Golden Nuggets: EFM’s occasional series of financial information for your business in bite-size portions

While the requirement to introduce an auto enrolment pension scheme is some way off for most business owners, EFM recommends you plan now – and even consider setting up an AE friendly scheme early to avoid the last minute rush or a last minute change in stance by pension providers.

 Employers should check the definition of ‘qualifying earnings’; there are three earning sets, each which can give a lower cost to the business as different employees can be in different sets.

As the 2017 deadline approaches, advisors and funds might be overrun and turn customers away, or only take on schemes above a certain number of employees, or price accordingly for demand. To get the best deal and make the best preparations – go early.

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