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it's not a jourrney
it's a bloody nightmare. we work for two pubs with 50 plus staff only three or four of whom are 'eligible' to be enrolled. The company are postponing so 50+ letters have to go to... kids mostly, who will not understand anything in those letters. I took the standard postponement letter which is virtually unintelligible and amended it so that it was marginally less convoluted than the original. What will happen is the owners will be deluged with youngsters asking "what does this mean?"
Added to that, most of the staff are part time and it will be impossible to get them together at one time and in one place to explain AE - even if they were interested - and at 18 or 19 years old who would be?
All this for the con that they'll get a decent pension for a miserable one percent contribution!
Of course the owners when considering pay increases next year will have the perfect excuse for a zero increase.
Madness!
AE
There are lot of promotion by AE administration service providers. Their charges for small businesses are excessive. It ranges from £1000 to well over £6000 for initial set up fees.Accountants and Payroll Service providers have to be careful as to how they structure their services around this.
I came across General Life whose charges are reasonable but please check them out they do webinar and demonstrations.
We are looking at providing cost effective solutions to our clients because we do not want to damage our trust which has been built over many years.
Just so we are clear.....
"Added to that, most of the staff are part time and it will be impossible to get them together at one time and in one place to explain AE - even if they were interested - and at 18 or 19 years old who would be?"
18 and 19 year olds should not be enrolled they are below the threshold. They may not read the letter but nothing will happen to them as a result of not reading the letter
I will be interested to read more of what happens in this thread as the number of providers offering "free" access reduces and so these "panels" reduce in size. How often will the Accountant review the panel and against what criteria? Nothing wrong with panels but things change and sometimes not for the better.
Will also be interested to hear the episode where our Accountant actually stages his first client!!
As an aside.... not all advisers charge four figure somes to get a client "past the post" some options exist in the mid to low hundreds and are open to bureau's who want to work with them.