As business owners, we share similar dreams, and one of those I imagine we share is to one day bask in the glory of retirement. Retirement for us and our employees may seem a long way off, especially with the state pension age for both men and women on the rise. However, it’s never too early to start saving and what better way to do this than with a work place pension, and do we have a choice?
Under law introduced in 2012 all employers must offer this service and auto-enrol eligible employees, work place pensions are the responsibility of the business owner(s) and your staging date may sneak up on you. Work place pensions and Auto-enrolment has been a phased process staring with larger organisations but by 2018 this will apply to all businesses and according estimates from The Pension Regulator (TPR) in 2017 up to 500,000 businesses will commence with full duties.
Reference : The Pensions Regulator, Employer staging forecast.
Please don’t leave it too late, this process takes time to ensure you get the very best outcome for you, your business and your employees ...with fines starting from £50 per day you can’t afford to sit idle.
Swindon Football Club have already fallen foul of this and received a 22k fine!
Call now for your free auto-enrolment consultation. Furthermore, as the business owner, this may also be the ideal time to review your existing pension arrangements - call us now to find out how we can help you with this and explain the tax benefits to you.
Laxmi are delighted to announce a strategic partnership with TransferMate Global Payments, the market-leading, international choice for businesses worldwide that send and receive foreign currency payments.
As a leader in the FinTech world, TransferMate provide a full 360 solution enabling clients to process international payments, faster, cheaper and smarter than ever before. With a unique offering of global regulation, TransferMate own and control their entire banking network across 50 countries, bypassing the costly intermediary bank system.
Building on our range of services, Laxmi has negotiated an excellent package to provide our valued clients with better exchange rates, no fees on transfers over £1,000 and a faster payment service. We understand that each business has specific requirements and with that faces different challenges. Our partnership with TransferMate will ensure you are in control of your international payments and remove the burdensome admin previously associated with payment and invoice processing.
Further aiding time savings, TransferMate offers a Xero app that integrates seamlessly with clients existing Xero package. Together with TransferMate and Xero, you can process invoice payments within your Xero package, with automatic reconciliation, saving you huge amounts of time on double entry.
Find out more
For more information or a free comparison quote, contact TransferMate’s 24 hour team on
+44 207 659 9185. Our dedicated partner manager Anthony Mulligan is on hand to answer any queries firstname.lastname@example.org.