
Sign up with Smart Pension
Tell Smart Pension a few details about your business.
Set up a workplace pension
Smart Pension provides a fast and easy way to meet your legal responsibility to provide a workplace pension for your employees - you could be compliant within minutes.
Smart Pension is trusted by hundreds of thousands of members, employers and advisers to provide auto-enrolment workplace pensions.With Smart Pension’s secure technology platform, you could be ready to assess your employees, generate letters and be compliant with auto enrolment pension law.
Tell Smart Pension a few details about your business.
Assess and enrol your employees, you can also link your payroll software, or add your professional advisor to start processing your contributions.
Fill in and submit your declaration of compliance to The Pensions Regulator.
Managing your pension scheme is quick and easy with Smart Pension's award-winning platform.
Smart Pension makes pensions administration easier, so you can focus on your business.
Standard letters and guidance to keep your employees informed – with online and in-app access to let your employees manage their contributions.
Contact Smart Pension by phone, email or chat for support if you have any questions about your auto-enrolment workplace pension scheme.
As an employer, you have a legal duty to enrol certain employees into a workplace pension scheme if they qualify. You also have a legal duty to write to your employees to inform them about their pension rights. This is true whether you have one employee or 500. When your employee contributes to their workplace pension, you also have to contribute if they meet the eligibility requirements. The government will also add money as tax relief.
You need to provide a workplace pension to every employee who is at least 22 years old and earns at least £192 a week or £833 a month (2020/21 tax year).
There are no charges to set up and run your employee pension scheme with Smart Pension, but you have a legal requirement to pay into your employees' pensions when they do. This must be a minimum of 3% of qualifying earnings.How much you contribute above this is up to you. For the 2020/21 tax year qualifying earnings are between £6,240 and £50,000 a year. Smart Pension reserves the right to charge for non-standard requirements – you can contact the company for details.
You'll need to carry out some ongoing tasks to keep your scheme compliant. These include making regular contributions and keeping employees informed about their pensions. You'll also need to manage opt-ins and opt-outs from the scheme.The Pensions Regulator requires you to keep up-to-date records about your pension scheme. Smart Pension will keep some things, but you're responsible for keeping your own records up-to-date. The Pensions Regulator's website has details on what you need to record. Every three years you have to reassess anyone who has opted out or ceased membership of the scheme.. Any that are eligible for the scheme need to be automatically re-enrolled.
These example contributions 1are based on banded earnings between £6,240 and £50,270 using the minimum 3% contribution rate. Earnings include salary, overtime, bonuses and commission, as well as statutory pay for sickness, maternity, paternity and adoption.
Average annual earnings |
1 eligible employee |
5 eligible employees |
10 eligible employees |
20 eligible employees |
---|---|---|---|---|
£10,000 |
£112.80 |
£564 |
£1,128 |
£2,256 |
£20,000 |
£412.80 |
£2,064 |
£4,128 |
£8,256 |
£40,000 |
£1,012.80 |
£5,064 |
£10,128 |
£20,256 |
£80,000 |
£1,320.90 |
£6,604.50 |
£13,209 |
£26,418 |
Worked out using the 2021/22 AE lower (£6,240) and upper (£50,270) thresholds with an employer contribution of 3%
Tell Smart Pension a few details about you and your business to get started. Within a few minutes, you’ll be able to start enrolling your employees.
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