Pensions - Minimum Contributions

Minimum contributions

The minimum level of employer contribution will be phased in from the staging date until October 2018 - see table below:

Date Minimum employer contribution Minimum total contribution
From staging date to 30 September 2017 1% 2%
October 2017 to 30 September 2018 2% 5%
October 2018 onwards 3% 8%

Employees with earnings equal to, or higher than the earnings trigger salary (currently £8,105) should be enrolled automatically. The above minimum contribution percentages are based on earnings between £5,564 and £42,475 per year (2013/2014).

Auto Enrolment - The Basics

The new legislation requires you to enrol all "eligible employees" in a qualifying workplace pension scheme by no later than the compulsory staging date. This date is set by The Pensions Regulator based on the number of employees.

You will receive a letter confirming your staging date along with basic information about your employer duties from The Regulator one year in advance. You will also receive a reminder three months before your date.

The staging date given to you by The Regulator is the latest date by which you need to have your auto-enrolment arrangements in place.

To make sure you are properly prepared, it is recommended that you start your planning 12-18 months in advance.

To find out your staging date please contact us.

From the staging date, the employer has a duty to designate a qualifying workplace pensions scheme into which it will automatically enrol all of its qualifying employees and make contributions on their behalf.

A qualifying worker is anyone aged between 22 and state pension age, with earnings equal to, or greater than, the earnings trigger salary which is currently £9,440.

No employer is exempt from this requirement, the main choice employers face is which pension scheme or schemes to use to comply with the new regulations.

Even if an employer has a workplace pension scheme, it will require reviewing and possibly amendment to ensure it complies with the new regulations.

The Pensions Regulator will police and enforce the new laws. Failure to comply will lead to fines proportionate to the non-compliance and could ultimately result in criminal prosecution.

Employers will have a requirement to educate employees about the implications of auto-enrolment and the direct effect it will have on them.

Employers will need to create systems and processes to ensure that both new and existing employees are provided with relevant information and joined into the scheme at the correct time.

Employees can opt out of the qualifying workplace pension scheme but this can only be done after they have been automatically enrolled.

If the employee does opt-out, automatic re-enrolment is required every three years with a three month window around the anniversary of the original enrolment date.

The employer is not permitted to dissuade the employee from joining the scheme. In particular, the employer is not permitted to provide the member with an opt-out form, it should instead be obtained from a third-party source.

Exceed Best People Limited

A Company Overview

Business Start-up

Exceed Best People (EBP) Est. 2011, offers a personalised service to its clients, assisting them to attract, select and appoint the right candidates for jobs within their organisation. We pride ourselves on being "different" to the normal agency model, as we customise our service to clients needs, at very competitive rates.

EBP strives to establish a proactive and long-term relationship with both clients and candidates.

EBP commits to an effective, confidential and personal service carried out to the highest professional level, and comes with the usual guarantee of EBP’s first class client service.

EBP can source both permanent and temporary positions, or can put a team together on a contract basis providing clients with resources for turn-key projects.

EBP will work closely with you to find the right person or people for the position.

By fully understanding our client’s requirements, we can:

  • Ensure that our candidates not only provide a high level of skill but are also a good fit to the company and its existing people
  • Reduce the time and effort that you spend on sourcing candidates to fill your vacancies.
  • EBP will pre-filter candidates based on your requirement, and only submit appropriate candidates for your review and consideration.

EBP has access to many candidates who are suitable for Intermediate, Team Leader or Management roles for:

  • Accounting & Finance
  • IT & Telecoms
  • Engineering
  • Consultancy, Strategy & Change
  • Procurement & Supply chain
  • Sales & Marketing
  • Office & Business Administration
  • PA & Secretarial

In addition to the above broad categories, EBP can help you to find someone with very specialised skills for any bespoke roles within your organisation.

Get in touch with us today for a no obligation chat and see how EBP can help you find the right candidates.
  Exceed Best People
Contact:

Andre Vermeulen 
Email:
Mobile:  +44 (0) 7766 200 335                

Yolandé Van Staden
Email:
Mobile: +44(0) 7914 055 204

Web: http://www.exceedca.com/what-we-do/recruitment-services

Five reasons why organisations use Exceed Best People's recruitment service

1) Access to the Best People

You get access to great candidates, because …

We are talking to potential candidates all the time – even if they are not looking for a job at this particular moment. We have a growing database of relevant industry candidates. This database is continually updated and refreshed as we attract new candidates on an ongoing basis.

To gain more candidates for your specific position we are able to rapidly place adverts on the best jobsites and to conduct an executive search using our personal networks of contacts.

This means that, through us, you are connecting with a much bigger audience of talented people.

2) Rapid and Genuine Understanding of your Requirements

You can rely on us to listen to you and to fully understand the skills and experience that you are looking for.

We have many years' experience hiring staff to work in our own businesses. All of our staff has experience of working to a senior level within the required functional area.

We have the expertise to find you the right people, with the right skills, in the right place and at the right time
3) A Great Track Record

You'll be working with a team that has a great track record in sourcing and placing good candidates.

You may have been placed in the situation in the past, where you've hired someone and it's not worked out. You've then had to ask the new recruit to leave, and ask the recruiting company for a "claw back" of the fees.

We work differently to ensure that you get the right candidate for your position and where a candidate decides not to stay, you will have further access to our candidate list created for you to ensure that we fill the position to your satisfaction as quickly as possible
4) Experience in Building Teams (Turn-Key Projects)

You have the option to contract the resources you need, for as long as you need them through us.

It may be that you only have a temporary need for someone or that your existing staff members simply need to acquire new skills. We can put together a managed project team, who can work on site on your project under your control.

This service is particularly useful for clients who require a large team of contractors to be based at their site.

5) Continued Support

We continue to support you and your candidates after a placement is made.

The candidate you wish to appoint needs to be up to speed and productive as quickly as possible. We help you and the new recruit with post placement support to ensure that new recruits settle in rapidly and really hit the ground running.

We provide free telephone advice and email support to the person placed through us, for a period of 30 days.

We provide on-going telephone support and e-mail support to you the employer. 

Contact us if you have a resourcing requirement today, or one coming up in the near future.

Exceed Best People - "Best People for Intelligent Recruitment" 

Bank House,
81 St Judes Road, Englefield Green 
Surrey 
TW20 0DF 
United Kingdom 

Telephone: +44 (0) 870 060 0996 
Mobile: +44 (0) 7766 200 335 
Email:  /

CFO Services

Outsourced CFO Services

Every business owner needs an experienced "wing-man"…

  • Somebody to help you keep an eye on the money side of your business while you focus on the things that make you successful.
  • Somebody to help you make the important business decisions that cross your desk week after week.
  • Somebody for you to bounce investment ideas off and to play in the "Financial Zone" so you can focus on playing to your strengths.

In other words, every business needs a Chief Financial Officer (CFO) – yet most don't need – nor can they afford – to have somebody fill this role full-time.

And that's where our outsourced CFO Services can help you.

Benefit from our CFO Services

When you work with us in the role of CFO, you'll get all the benefits of a CFO that's focused on your success, but you'll only pay for what you need as your business grows.

There are five essential elements of a CFO's role and we can help you manage all of them:

1. Controllership:

Accurate and timely financial statements are critical for business success because the quality of the decisions you make is totally dependent on the quality of the information you rely on. As your CFO, we'll ensure you have access to the quality financial and non-financial information you need to make well informed business decisions.

2. Risk Management:

As your CFO, we'll ensure you have proper internal controls in place to safeguard your assets – especially your cash! Fraud is common in small businesses because they have very poor internal control systems and too few people in key cash-handling and book-keeping roles. Risk management means ensuring you have appropriate insurance coverage for things like, environmental disaster planning and key-man insurance. Other issues like buy-sell agreements need to be taken care of, as does compliance with regulatory requirements such as financial reporting, taxation law, employment law, environmental law and more.
As your CFO, we'll advise you on the best financial structure for your business. We'll help you get the right balance between debt and equity so you can achieve strong tax-effective growth in shareholder value without exposure to an unacceptable level of risk.
As your CFO, we'll help you raise funds and will be your point person for your banking and investor relationships. We'll help you get maximum leverage from the financial resources you have, including, the investment of surplus funds.

3. Financial Planning and Control:

In your role as CEO of your business, you're responsible for developing and implementing a strategic operating plan. You need a capable CFO to advise you on the financial outcomes associated with your plan. As your CFO we'll prepare cash flow and profit projections that link to your sales and expense projections. We'll work with you to monitor and modify these every month just like the "big guys". We'll take on the role of financial coach to help you keep you on target.

4. Business Financial Health:

The financial condition of your business is a matter of life and death. As your CFO, one of our roles is to keep your business in good financial health. This is not just about being profitable. It's about having enough cash to pay your bills when they're due and having the financial resources to grow as fast as you can. Most small businesses don't give attention to this critical function and that's why most fail.

5. Succession Planning, Mergers and Acquisitions:

Successful business owners are always thinking about "the final transaction." Asking questions like…

  • What is your business worth? Who is likely to want to acquire it either through a merger or straight acquisition? What do you need to do strategically and operationally to ensure that your business will stand rigorous due diligence by a potential acquirer? How can a sale be structured most tax effectively?
  • Even if you aren't planning to sell your business in the foreseeable future, what management development and succession plan do you have in place for your employees (including your children)?
  • What would happen to your family's financial position if you or other key employees are unable to continue working for health reasons? What advice do you need if you are considering expansion through a merger or acquisition?

Our outsourced CFO services will help you get the financial management and measurement you need to maximise the potential in your business.

Your Management Control Plan is the key to controlling and directing your business. It's the glue that holds it all together.

Talk with us today about the role we can play in helping you take your business to the next level.

R&D Tax Credits

Jumpstart Approved


Since the introduction of the R&D tax scheme in 2000, the great majority of British companies that could be eligible for the scheme are not claiming. It is widely accepted that more than £1billion is left unclaimed each year in the UK. This is money that could have been reinvested into further improvement and development of products and manufacturing processes.

Our partners, Jumpstart, have a deep knowledge and understanding of HMRC’s R&D policy and regulations. Their scientific background allows them to speak the language of our clients to identify eligible activity and processes often hidden in the daily routines of their production and process work.

Jumpstart works in many industry sectors and with companies of all sizes, from small SME’s to larger companies in the £100 – £300 million bracket, some of which are part of larger £1 billion groups.

Reasons why Jumpstart is the choice
  • What are R&D Tax credits?
  • They have successful claims under their portfolio and are thoroughly experienced in technical R&D submissions.
  • Various claims, have been audited by HMRC and they have successfully defended all. Their enquiry rate is less than 0.5%, while the national average lies around 8%.
  • Jumpstart employ technical staff of the highest possible academic standard, from BSc(Hons) and MSc to PhD level. They combine relevant industry experience across a range of sectors with expert knowledge of the R&D guidance and legislation. What are their clients saying about Jumpstart
  • Testimonials can be found for the following industries.
  • Food & Drink, Engineering & Manufacturing, and Software & IT.

For further information, please contact us or Jumpastart for further information by visiting their website www.jumpstart.co.uk telephone 0333 222 0174.