Pensions Autoenrolment
As a result of the recent amendment to the Pensions Act, it has become mandatory for all employers in the United Kingdom to establish a workplace pension scheme for their staff, automatically enrol their employees into the eligible pension plan, and make contributions towards it.
Even if you do not perceive yourself as an “employer,” it is important to note that this legislation encompasses individuals who hire nannies to work for their households. Nanny housekeeper’s is here to assist you in navigating through this update and guarantee a hassle-free and uncomplicated enrolment process for your nanny.
Retirement Plan:
In the case that your nanny is below the age of 22 or earns an annual income of less than £10,000, it is not obligatory to make contributions towards a pension. Nevertheless, your nanny possesses the entitlement to request that you establish and contribute to a pension scheme. Should they make such a request, it is mandatory for you to make the necessary arrangements.
Enrolment in a pension scheme is mandatory if your nanny meets the following criteria:
– Aged between 22 and State Pension Age
– Earns above the minimum earnings threshold
– Eligible for a pension
– Not currently a member of a workplace pension scheme
If you have any additional inquiries or uncertainties about your nanny’s pension, please feel free to reach out to us.
Should I enrol my nanny even though they have just started working for me?
If your nanny has been employed by you for less than three months, there is no requirement to automatically enrol them into a pension scheme. However, if they request to be enrolled or contribute to a pension, you must comply with their request.
When will I receive communication from the Pensions Regulator?
The Pensions Regulator will contact you based on your PAYE reference, which determines your staging dates. If you want to start planning, you can find out your staging date by entering your PAYE reference on the Pensions Regulator website.
Is it necessary for me to contribute to a pension scheme for my part-time nanny?
Even if your nanny is only part-time, it is still necessary for you to contribute to a qualified pension scheme if they meet the eligibility criteria mentioned above. This requirement applies to both permanent and temporary staff.
What are the consequences if I fail to make a payment?
If you choose not to make the payments, there will be a penalty of £400 imposed. Additionally, you will still be obligated to make the missed payments.
Your reliable assistance for retirement funds.
For assistance with setting up a pension scheme, including government-managed options like NEST, as well as enrolment and understanding the required contributions, Nanny Housekeepers UK is here to support you. Feel free to contact us for more information about our auto-enrolment service.