Are your employee workplace pension schemes in place and working?

McGills Chartered Accountants in Cirencester are right on the money when it comes to workplace pensions – and the firm is encouraging local businesses and employers to consult them on steps that must be taken to comply with legal requirements that must take effect by 2018.

All employers with one person or more aged 22 or above on the payroll must organise a workplace pension (although employees have the option to opt out).  McGills has evidence that many businesses and professionals locally and countrywide are not aware of this regulation, or its impact on them – and is advising all those affected by the regulations to consider acting to implement it as soon as possible.  Staff contributions are required so workers will need to be aware of the effect on their take-home pay and of the benefits they can expect to receive.

McGills has been established for many years and has a loyal local client base with a business portfolio that includes professional services, agriculture, manufacturing, engineering, construction, aerospace, consultancy and retail.  The firm’s specialist team also helps private clients to minimise their income, capital gains and inheritance tax liabilities and secures rebates for overpayments.

McGills has worked through major and minor financial changes and challenges with its clients for many years to enable each to grow and prosper while fully complying with legal obligations.

As a result, the McGills team understands day-to-day business practices and employee dynamics – and will combine this knowledge with its extensive financial expertise to deliver tailored workplace pensions best suited to any customer needing one, whatever its staff count.  For McGills, customers and staff genuinely do count.

Partner Simon Nuttall commented: “ McGills respects all clients as fellow professionals and experts in their own fields.  We can’t tell them anything about crop rotation or retailing, for example – but that’s why they come to us for financial advice and planning. Great partnerships start here!”

McGills will be pleased to discuss your Workplace Pension obligations at the same time as dealing with any other accounting queries or financial matters you have.

Contact us for more details and don’t forget to ask about our free first meeting offer.