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.

NOW: Pensions' risk management and diversified growth fund are state of the art. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
ATP comes to the UK pensions world with the highest commendations from the Danish trade unions, employers and government. NOW: Pensions' offering in the UK will be high quality, low cost, and honest and I'm proud to be associated with it. — John Monks, member of House of Lords and former General Secretary of ETUC and TUC
…We pride ourselves on our abilities to make the perfect match for both clients and workers. Our decision to appoint NOW: Pensions came as a result of wanting a quality workplace pension scheme that is structured, simple and easy for us to… — Ian Naylor, Legal Director of Randstad
I am excited to be joining such a distinguished Board of Trustees, over-seeing a modern, transparent, cost efficient and high-performing pension fund. — Win Robbins, former Head of European Fixed Income Barclays Global Investors
“We were impressed with the simplicity of its scheme. The ease of implementation was also a big plus for us and has removed much of the administrative headache.” — Neil Tune, HR director at Fitness First