Picking the right pension for your employees is important.
You can read why, here.
This is our selection of workplace pension schemes that we can set up directly on your behalf without using a 3rd party adviser (last updated: 14/11/2019).
|Pension provider||Cost to you||Cost to employee (% of pension pot per year)||Employee communications||Tax relief||Ethical fund options|
|None||0.3% annual charge|
+ 1.8% on each new contribution made
|£12.50 +VAT per month* for 1-4 employees|
£20 +VAT per month* for 5+ employees
|0.5% annual charge|
+ £1.50 per month**
|£300 +VAT one off set up fee*||0.5%||Basic rate|
* Lower application charges through Biznus Payroll. ** Lower charge of 30p per contribution for salaries under £18,000, until Oct.
There are other pension schemes available and if you would like information on other pension providers we strongly advise that you engage the assistance of a regulated independent financial adviser.