Small businesses face workplace pension deadline

An estimated 800,000 small businesses are set to reach their auto-enrolment staging date in 2017, which is more than twice as many as last year.

The latest figures from the Department for Work and Pensions (DWP) shows that since 2012, the number of people saving into a workplace pension has increased by 4.4 million.

By 2018 more than 10 million people are expected to be paying into a workplace pension, generating around £17 billion a year more in workplace pension saving by 2019/20.

Despite the majority of firms being aware of their staging dates and their requirements as employers, a recent survey by YouGov found that more than half of small and micro businesses felt auto-enrolment would be a burden and two-fifths said it was unfair.

Many businesses are still seeking advice on workplace pension schemes and many will continue to do so even after auto-enrolment is complete.

In today’s complicated marketplace, professional and impartial advice is paramount when it comes to finding the best solutions to meet your financial needs.

MT Financial Management is a firm of Chartered Financial Planners that provides independent and unbiased financial planning, investment portfolio management, pension review and trust review services to the clients of Moore Thompson Chartered Accountants and selected professional introducers.

We offer an initial meeting at our cost and with no obligation, so that you can decide whether you wish to use our services before incurring any costs.

We will agree a fixed fee to provide a review of you or your company’s financial situation, so that our experienced and independent financial advisors can determine whether your financial arrangements are appropriate, and recommend areas that need improvement. Of course, our proposals will be comprehensively explained, so you can make informed decisions about any suggested changes.

All of our advisors are qualified to Chartered Financial Planner status, providing their high levels of technical knowledge and experience on a fixed cost basis.

As our fees are agreed in advance, we are not tied to promoting particular solutions and can focus on providing the best professional advice.

To find out more about our services, please contact Trevor Wilshire on 01775 717220 or visit www.mtfinman.co.uk.