Swoop has partnered with Husky
This allows Swoop’s clients to take the benefits of Husky’s technology to have the most suitable workplace pension, ensure compliance and save money with Salary Exchange.
- Hassle-free auto-enrolment and pension setup
- Access preferential rates from top providers, save up to 80% on pension fees
- Ensure compliance to meet all requirements and promptly address any issues that arise
- An automated, app-based Salary Exchange process, saving your company and staff both time and money
Register and let our team handle the onboarding. If you have any questions, we’re always here to help. Start saving—it’s that simple!
Salary Exchange Calculator
Pricing to suit business of all sizes
Salary Exchange and Compliance are included in all pricing plans. You can choose to add Payroll services.
Please note that a one-time fee may apply for correcting backdated contributions.
50+
Employees
For organisations with over 50 employees, a customised and detailed approach is essential.
50+
Employees
For organisations with over 50 employees, a customised and detailed approach is essential.
Onboarding Journey
See why employers choose Husky.
Here are 8 frequently asked questions
What is Re-Enrolment?
What is Re-Enrolment?
Every 3 years from their staging date or duties start date, employers need to re-assess workers who have previously Opted out or elected to leave the workplace pension more than 1 year from the re-enrolment date.
Any worker who meets the required assessment criteria for auto-enrolment then has to be re-enrolled in the pension scheme. These criteria are:
- age 22 up to the State Pension age
- earn at least £10,000 a year
- normally work in the UK (even if they often travel to other countries)
Once the re-enrolment process has been completed, a Re-Declaration of Compliance should be filed with The Pensions Regulator within 5 months of the third anniversary of the staging/duties start date, whether or not new staff were added to the scheme.
Employers need to complete the Re-Declaration once the re-enrolment process is completed. Husky will complete the Re-Declaration on the company's behalf.
When is Re-Enrolment happening?
Husky will apply the three-year anniversary of the staging date or the last re-enrolment date as your re-enrolment date. The pay period that contains this re-enrolment date will be assessed to determine any re-enrolment requirements.
You can select another date within three months from the re-enrolment date. Husky will contact you explaining the process and you can let us know if you would like to change your re-enrolment date.
What do you need to do?
Husky’s auto enrolment platform will apply the re-enrolment requirements and ensure all applicable workers are correctly assessed for re-enrolment. You may wish to advise any workers who have previously Opted Out of the scheme that they may be re-assessed, however, any worker that is to be re-enrolled will be issued with re-enrolment communication at the close of payroll. Your Payroll should also be advised that you will be applying re-enrolment on the date specified above.
If you have any queries please contact us at support@huskyfinance.com.
When should new employees be enrolled?
Employers must automatically enrol all new and eligible employees who are:
- aged 22 to state pension age
- earning over £10,000 a year
- Working or ordinarily work in the UK
- Not already part of a qualifying workplace pension scheme
What is the Duties Start date?
Anyone who became an employer after 1 October 2017 has to legally comply with automatic enrolment duties for their new employees.
These duties apply immediately from the first day the first member of staff started working for them. This date is known as the Duties Start Date.
What does Qualifying Earnings mean?
- Jon earns £5,000 a month and contributes 5% into his pension and his employer contributes 3%
- His monthly qualifying earnings would be £3,669.00 (£4,189 - £520)
- Therefore, his pension contributions will be calculated as 5% of £3,669 and his employer contributions will be calculated as 3% of £3,669
You can find more details on how your pension contributions are calculated by logging into the Husky for Everyone app.
Can Salary Exchange be used with existing pension plans?
Will Salary Exchange affect my current entitlement to Tax Credits?
Why choose Husky's payroll services for small businesses?
There are many benefits to choosing us to help you run your payroll. Not only do we do this effectively and on time but we also offer additional services in the package, such as pension management and Salary Exchange setup.
Our mission is to help you save time and focus on your business. We take the headache out of payroll as we manage it from start to finish with our leading cloud-based software.
The way we ensure that we deliver a great service is to also pay attention to the compliance side of your business and operations. We make sure your payroll is done right.
Also, our Husky for Everyone app not only helps with automating all processes and signing the agreements, it also gives control to employees to manage their retirement savings and view their payslips! It’s a win-win!