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 | |
Any employer | 0 | 100% | £0* |
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.