This is a charge paid for by the employer and varies depending on how the scheme is administered. The discounted price for employers using a payroll bureau reflects the considerable support payroll bureaux provide with auto enrolment administration for NOW: Pensions.
Monthly employer service charge
|No. of active members||Discount||Monthly charge|
|An employer working with NOW: Pensions Directly||Any number||N/A||£36.00 + VAT|
|A payroll bureau using the NOW: Pensions Gateway||5+||44%||£20.00 + VAT|
|A payroll bureau using the NOW: Pensions Gateway||1-4||65%||£12.50 + VAT|
*Initial assessment of active members takes 3 full months and therefore the £0 charge only comes into effect after the assessment has been completed. Assessments of active member numbers are performed at the sole discretion of NOW: Pensions.
For more detail about the services NOW: Pensions offers and the monthly employer service charge click here.