Clean It Up

UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Frankybadboy on January 26, 2013, 09:10:49 pm

Title: pensions to your staff
Post by: Frankybadboy on January 26, 2013, 09:10:49 pm
 employers are you going to makes contributions to a pension scheme for your staff

whats the score and thoughts on it
Title: Re: pensions to your staff
Post by: steve rix on January 27, 2013, 12:57:48 am
Wait till my accountant gives me a heads up
Title: Re: pensions to your staff
Post by: Gav Camm lammy 283 on January 27, 2013, 01:20:44 am
Dean taberners staff av opted
Out of this scheme
Title: Re: pensions to your staff
Post by: Frankybadboy on January 27, 2013, 07:00:21 am
with so many employers on here,iam surpised there aint a few more answers ;D ;D ;D ;D
Title: Re: pensions to your staff
Post by: Dave Willis on January 27, 2013, 07:35:44 am
Send them to the Gambia.  ;)
Title: Re: pensions to your staff
Post by: formb on January 27, 2013, 08:31:10 am
It's not the law till 2015. I am in the process of getting one set up now. It will cost around £1500 to set up.
Title: Re: pensions to your staff
Post by: George P on January 27, 2013, 10:48:36 am
not certain but i dont think its £1,500.00 to set up, unless you mean per year, how many staff would that be for, i will ask my advisor this week about set up costs,
Title: Re: pensions to your staff
Post by: trevor perry on January 27, 2013, 03:40:52 pm
i think the scheme works in that the employees contribute 3% of their earnings to the pension and the employers are to add a further 2% for small companies it wont come into effect till about 2015, all employees will be automatically enrolled on the scheme but they can as individuals opt out if they decide.
  when i was discussing this with an advisor last year what shocked me was government could not find a uk pension company to manage all the funds in the uk and all money will be being sent to an indian firm ??? Call me skeptical but i bet that money is not there when people come to retire
Title: Re: pensions to your staff
Post by: Ben wood on January 27, 2013, 04:01:58 pm
Just a con by the goverment. All they are doing is making you save for years and hope you die before a chance to claim it then they get there hands on it . I will be lucky to retire the age will be 80 years old by that time. I think they are a bunch of thievs
Title: Re: pensions to your staff
Post by: david thomas on January 27, 2013, 05:21:25 pm
And when you do collect your pention the goverment will pay out peanuts
Title: Re: pensions to your staff
Post by: Joe Martin on January 27, 2013, 05:48:07 pm
You can get around this very simply by making your staff self employed.
The guys we have are self employed, makes our life very easy.
They are happy as we pay well and they also do their own work as long as they give us notice not to clash,
This has worked very well for us and them.
Title: Re: pensions to your staff
Post by: paul13 on January 28, 2013, 04:17:54 pm
You can get around this very simply by making your staff self employed.
The guys we have are self employed, makes our life very easy.
They are happy as we pay well and they also do their own work as long as they give us notice not to clash,
This has worked very well for us and them.

If you don't mind me asking how are your staff self employed?
There's been a few posts on this but my understanding is if they work mainly
for you, work with your van, equipment ect they are employed.
Hope I'm wrong as I would love to make my boys self employed ;D

Not sure they would love it ;D ;D
Title: Re: pensions to your staff
Post by: Ian Lancaster on January 28, 2013, 04:39:55 pm
http://www.hmrc.gov.uk/paye/employees/start-leave/status.htm

From the horses mouth.
Title: Re: pensions to your staff
Post by: Dean Taberner on January 28, 2013, 10:32:53 pm
Dean taberners staff av opted
Out of this scheme

Yes Gav is correct, my staff have opted out of this scheme.
Title: Re: pensions to your staff
Post by: Moderator David@stives on January 28, 2013, 10:55:57 pm
My accountant and taxman, will just make me do whatever I need to do, thats all i need to know at this mo