Paul Byrne
• Accountancy Practice for
20 Years
• Set up own company
• BrightPay Background
• 65,000 employers – UK &
Ireland
Agenda
• Auto Enrolment Overview
• Small Employers are unprepared for Auto
Enrolment
• A New Revenue Stream for Bookkeepers
• Auto Enrolment Software Solutions
• BrightPay’s Key Take Aways
Auto Enrolment
• Government initiative – Save for later life
• Rolled out in stages: Oct 2012 – Oct 2018
• All employers required to offer a workplace
pension scheme to eligible workers.
Auto Enrolment
Eligible Jobholders
Employees must be automatically enrolled if they:
• Are aged between 22 and State Pension age
• Earn more that £10,000 per year
• Work, or ordinarily work, in the UK
Non Eligible Jobholders & Entitled Workers
Auto Enrolment Responsibilities
1. Set up a Pension Scheme
2. Staging date – Assess the workforce
3. Communications
4. Declaration of Compliance
5. Ongoing Duties
Auto Enrolment
Look to accountant,
bookkeeper, or payroll
bureau for advice and counsel
Look up clients staging
dates with The
Pensions Regulator
78%
29%
50% 50% of those already enrolled turned
to advisors very close to staging
3 out of 10 payroll administrators –
clients will rely on them completely
39% – Clients would be able to deal
with AE administration demands
8 in 10 – believe clients would wait
last minute to seek advice
78%
50% 39%
Challenges
Recent challenges for bookkeepers and payroll
bureaus:
• RTI
• iXBRL
• FRS 102
Auto Enrolment is the one new change that you
can make a profit from.
Key Points
1. Employers will need help from bookkeepers
and other payroll bureaus
2. Employers will come to you last minute for
assistance
3. Employers will be happier to consolidate all
their outsourced services to one person or
advisor
Key Questions
1. Are you prepared to offer Auto Enrolment
services to clients?
2. Are you willing to lose clients if you do not
offer Auto Enrolment services?
3. Will you make a profit from Auto Enrolment?
A New Revenue Stream
• Potential - Gain new clients
• Increase fees with existing clients
• Short window of opportunity to position
themselves as open for business
A New Revenue Stream
• Establish yourself as a proactive rather
than a reactive AE advisor
• Naturally increase profits
• Necessary level of service – initial set up
fee plus a monthly retainer
Software Solutions
• Average 33 administrative tasks
• Automate employer responsibilities
• Combined payroll and auto enrolment solution
• Greater efficiency, increased value, improved cost
savings
Software Solutions
Payroll software that automates auto enrolment
tasks is vital:
• Employee assessment
• Personalised communications
• Ongoing monitoring
• Opt-outs & refunds
• Mandatory reporting
• Pension contribution deductions
Software Solutions
• Does your payroll software provide Auto
Enrolment functionality & support?
• Change software at the start of the tax year to
avoid the complications of mid-year change
Software Solutions
• BrightPay – an easy to use Auto Enrolment
solution
• Everything you need to provide a profitable AE
service to your clients
• Unlimited employers, unlimited employees, free
support
In simple terms “It just works”!
ICB Accredited
• BrightPay is an ICB
accredited payroll solution
• BrightPay Accreditation
Report
Useful links and resources
• ICB – BrightPay Accreditation Report
• The Pensions Regulator -
www.thepensionsregulator.gov.uk/
• The Pensions Advisory Service -
www.pensionsadvisoryservice.org.uk/
• NEST – http://www.nestpensions.org.uk/
• Friends of Auto Enrolment – www.friendsofae.co.uk/
• Accounting web – www.accountingweb.co.uk/
• BrightPay free trial – www.brightpay.co.uk/try/
• Auto Enrolment for Dummies - http://bit.ly/1AhNPjW
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