Month: March 2018

Frost Wiltshire

Welcoming to Emma Hooper to the team

The last couple of months have seen milestones for Frost Wiltshire.

At the end of January, Anna Frost left us for pastures new, marking the end of an era for us.  We wish her lots of luck in her new role.

And then, at the end of February, we celebrated another milestone with the arrival of Emma Hooper, our first trainee Chartered Accountant.

Emma, who is part way through her ICAEW qualification, joins us as a Manager and will help us to deliver a range of services to our clients, with particular focus on accounts preparation, further strengthening our line up as we grow the practice whilst maintaining our focus on quality of service.  Emma joins us from another Bristol-based firm, to continue her training contract.

Steve Wiltshire, Managing Partner, said “We are delighted to welcome Emma to the fold, and feel confident that she will quickly settle into her new role and become a trusted and familiar point of contact for our clients.”

Frost Wiltshire

Auto enrolment is changing

Auto Enrolment is changing – Are you aware?

From 6 April 2018, minimum contributions are increasing for Auto Enrolment. By law, the employer must pay a minimum contribution of 2% and the employee has to top this up to the required total contribution of 5%, meaning employee contributions rise from 1% to 3%.

If the employer pays the minimum total contribution (5%) then the employee will not need to make any contribution, unless the scheme rules requires them to do so.

These increases are a legal requirement and changes will need to be made in April in order for the scheme to remain a qualifying scheme. If the contributions are below this level the scheme may not be used for automatic enrolment.

Both the employer and employee may choose to pay more than the minimum contributions if they wish. If your pension scheme already has contributions of more than the total minimum contributions no changes will be needed in April.

There are no additional duties requiring employers to advise employees of the changes, but it would be a good idea to do so to minimise queries.