Payroll and Pensions

We offer a bespoke, discounted and fully-supported payroll service, exclusively for FSB members. From P45s to RTI for HMRC, we’ll keep you up to date with your PAYE calculations, HMRC submissions, automatic enrolment duties, and statutory requirements, leaving you with more time to run your business.

This includes:

• Calculation of pay with necessary deductions (such as student loans, statutory sick pay, statutory maternity pay, statutory paternity pay and National Insurance contributions)
• Production of electronic or sealed payslips
• Approved payment via BACS
• Ensuring compliance with HMRC regulations (Liaising with HMRC on your behalf, submitting all necessary documentation, monthly submissions, and the filing of end-of-year reports)
• Comprehensive management of reports
• Pensions/auto enrolment

Providing a workplace pensions scheme, even if you only have one employee, is a legal requirement and you could face fines from The Pensions Regulator if you don’t carry out your duties correctly. You’re required to set up a qualifying workplace pension scheme, enrol any staff that are eligible, and enable both employer and employee contributions into it.

From staying organised with your paperwork to knowing how to assess your employees, our pensions experts walk you through how you can stay on top of your pensions responsibilities as an employer.

Worried about your compliance or automatic enrolment duties? Our experts have helped thousands of small businesses to set up their schemes and supported many more in complying with legislation.

It’s not just your employees who pay into their pension pots – you must make contributions too, and it’s important to stay on top of this. You should have systems in place to ensure contributions are paid accurately and on time.

The minimum employer contribution is 3 per cent, with your employee paying 5 per cent to meet the 8 per cent total.

Setting aside money for the future might not be at the top of your list if your income varies from month to month. Paying into a pension is important because you won’t have an employer to set up a scheme for you. Choosing the best self-employed pension plan will depend on your personal circumstances.

If you’re looking for something simple and cost-effective, NEST is a favourable option. It’s a government-backed pension scheme. You can enrol if you’re self-employed or a single person director of a company. Find out more about how to set up a self-employed pension.