Picking the right pension for your employees is important.
You can read why, here.
This our selection of workplace pension schemes that we can set up directly on your behalf without using a 3rd party adviser.
|Pension provider||Cost to you||Cost to employee (% of pension pot per year)||Employee communications||Tax relief||Ethical fund options||Suitable for payroll frequency|
|None||0.5%||Basic rate||Monthly or 4-weekly (Luna)|
|None||0.3% annual charge|
+ 1.8% on each new contribution made
|£12.50 +VAT per month* for 1-4 employees|
£20 +VAT per month* for 5+ employees
|0.5% annual charge|
+ £1.50 per month**
|£300 +VAT one off set up fee*||0.5%||Basic rate||All|
* Lower application charges through Biznus Payroll. ** Lower charge of 30p per contribution for salaries under £18,000, until Oct.
There are other pension schemes available. If you want help choosing a workplace pension we work with pension selection and due diligence service, Pension Playpen.Our payroll clients can either opt to use this service at a discounted rate for a DIY solution with our unique discount code, or choose to have us initiate the pension scheme due-diligence query, create and upload their payroll data analysis, help them understand the workforce assessments results and walk them through their employer pension scheme configuration options, and finally talk through the end results for the standard price of £199 +VAT