Help Centre for Employers

How much is auto enrolment going to cost my company?

This is partly up to the decisions you make in selecting a scheme, the payroll set-up you have and the level of contributions that you wish to make.

Auto enrolment can include some (or all) of the following costs. However, they are difficult to generalise as they will be specific to each company:

  • Payroll costs (additional processing/interface builds/assessment costs)
  • Assessment costs (if not incorporated into the payroll costs)
  • Pension contributions
  • Communication costs
  • Additional administrative support
  • Any financial advice that you may receive
  • Internal implementation costs
  • Pension provider costs

NOW: Pensions charges a monthly employer service charge which covers the costs involved in pension scheme set up and ongoing administration support. However, it is our mission to help keep costs to a minimum.

Our broker recommended NOW: Pensions, as they believed it would be our best option. We have not been disappointed, the NOW: Pensions customer support teams are great and always available. — Bromborough Paint & Building Supplies Ltd
NOW: Pensions has a good technical infrastructure combined with a pension product suitable for our team. We couldn’t be happier with NOW: Pensions. — Martin Woods, SALT.agency
NOW: Pensions was attractive to us because the staff were very helpful and they sent over all the information required. This made the decision easy. — Metro Surveillance Group Ltd