[Solar Steve]

Hi everyone.

With this now looming large, I was wondering how what percentage of your employees are going to pay into their pension scheme. I employ 10 currently, so this could have a significant impact for me.

[Simon Trapani]

None out of one.

[8weekly]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

[k.diver]

3  out of 3    ie. all

[Simon Trapani]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

Because the way I understood it was that if my employee opts out then I don't have to contribute either.

Or maybe I'm missing something???

[8weekly]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

Because the way I understood it was that if my employee opts out then I don't have to contribute either.

Or maybe I'm missing something???

That wasn't my understanding, but I'm not dealing with it thankfully.

[britishwill]

All 2 of mine are not but we will pay into it although they will opt out. Totally cool with it as everyone will need a pension. Those who don't invest in one and no other investments will be screwed, we need to invest in our staff

[SB Cleaning]

I have just sold some work to my employee so im back on my own now...sod the employing more hassle than its worth

[Arnold Palmer]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

If they opt out you pay nothing. Eventually they'll pass it as law though. It's basically another NI. They've marketed it like this so it looks less like a tax.

They've shifted the management of the funds to private companies, that  way, it's not the government's problem when it goes tits up and the chancellor's buddies can get their cut.

Scumbags.

[8weekly]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

If they opt out you pay nothing. Eventually they'll pass it as law though. It's basically another NI. They've marketed it like this so it looks less like a tax.

They've shifted the management of the funds to private companies, that  way, it's not the government's problem when it goes tits up and the chancellor's buddies can get their cut.

Scumbags.

But is opting out the same as not paying in? I didn't think the employee had to contribute but the employer did regardless. Mind you, I wouldn't expect anyone to opt out if they didn't have to pay in.

[Arnold Palmer]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

If they opt out you pay nothing. Eventually they'll pass it as law though. It's basically another NI. They've marketed it like this so it looks less like a tax.

They've shifted the management of the funds to private companies, that  way, it's not the government's problem when it goes tits up and the chancellor's buddies can get their cut.

Scumbags.

But is opting out the same as not paying in? I didn't think the employee had to contribute but the employer did regardless. Mind you, I wouldn't expect anyone to opt out if they didn't have to pay in.

If they don't opt out they pay in. The employer only pays in if the employee pays in. It's basically optional NI but to a private provider.

[Marc Stock]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

If they opt out you pay nothing. Eventually they'll pass it as law though. It's basically another NI. They've marketed it like this so it looks less like a tax.

They've shifted the management of the funds to private companies, that  way, it's not the government's problem when it goes tits up and the chancellor's buddies can get their cut.

Scumbags.

But is opting out the same as not paying in? I didn't think the employee had to contribute but the employer did regardless. Mind you, I wouldn't expect anyone to opt out if they didn't have to pay in.

Its employers national insurance that is paid in compulsory.

This new scheme is optional but you have to opt out.

[Arnold Palmer]

In what way does whether they opt to pay in have an impact on you? You still have to pay employer's contributions. Maybe I'm missing something. We only have two employees currently but we've not set it up yet. I think we have until November. Blerdy annoying for a tiny company. Especially as it's only the legitimate employer 's that will be stung.

If they opt out you pay nothing. Eventually they'll pass it as law though. It's basically another NI. They've marketed it like this so it looks less like a tax.

They've shifted the management of the funds to private companies, that  way, it's not the government's problem when it goes tits up and the chancellor's buddies can get their cut.

Scumbags.

But is opting out the same as not paying in? I didn't think the employee had to contribute but the employer did regardless. Mind you, I wouldn't expect anyone to opt out if they didn't have to pay in.

Its employers national insurance that is paid in compulsory.

This new scheme is optional but you have to opt out.

They have to opt out, you have to offer it to them (and not force them to opt out).

[danny@thepersonalcoachinggroup]

3 of 6 for me.
not too much of an issue
an extra added outgoing which is increasing year by year
are they worth it??
can you make them valued more-work more effieciently-generate slightly more income or value of time = easier for business to pay
quote' your employees are the ones working for your business and yourself to benefit a few more ££s each week keeps you going and them satisfied and happy'
have you checked out all the pension companies and the price plans?

[danny@thepersonalcoachinggroup]

are you receiving the small business paye discount from hmrc?