I have been trying hard to avoid getting involved with autoenrolment if I possibly can. I have been on a few courses, numerous guides and spoken to a number of colleagues who have been a bit braver than me and had a go and frankly I'm glad I have tried to avoid. It sounds truly awful.
It seems to me that if you can make money from your business by avoiding unnecessarily complicated areas then that should be the way to go
I had a small client call in this morning asking for some help with autenrolment. She has always done her own payroll and only has one employee who is eligible for autoenrolment; she has set up a company pension herself and her one employee has been automatically enrolled. She is being charged £750 a year by the pension company and her employees pension contributions are about £20 per month. She choose one of the pension providers suggested by her bookkeeping software providers.
Something doesn't feel right about this. I have never felt comfortable about very small businesses having to get involved in areas like this. The potential for rip off is clear for all to see. This client would have been better off in my view with a government backed scheme where the charges are minimal but as an accountant I am not authorised to recommend or advise on pensions.
Why wasn't the government brave enough just to up the NI charges and ring fence the money collected?
RTI, autoenrolment, MTD blah blah its just a never ending stream of unnecessary and messy interference.