NEST for Employers

A question about : NEST for Employers

Let's say a husband and wife start a business and they're their only staff.

If they personally want to opt-out of NEST, does their business still need to set one up?

Secondly, I notice the charges are high 1.8% + 0.3%, does anyone have any idea when they will be lowered (i believe they are high now to pay for the costs of setting the whole thing up).

Thanks

Best answers:

• Thanks, as always
• Yeah in my example - Mr. Smith is self-employed and created a company to hire himself and his wife as employees.
  Seems silly that in situations like this he would have to go through the hassle of setting up the scheme for his 'employees' especially when they 'all' want to opt-out.
  I wondered if there is a caveat where business owners/directors do not need to be considered for this scheme (and therefore if the only employees are directors, they wouldnt need to bother)
• Hi mania112,
  Debt_Free_Chick is right, even if you are only employing one person, the law requires you to automatically enrol them if they are eligible workers (earning over Ј8,105, aged over 22, working in the UK etc).
  With NEST it is really easy to do this, particularly if you only have one employee. You can do it all online in literally a matter of minutes.
  Once you've enrolled your employee they of course have the right to opt-out, but at least then you are set up and registered. If your business expands and you take on more staff who also need to be enrolled, you don't have to go through the registration process again, it's already all set up.
  Also don't forget that a company with fewer than 30 employees is not going to have to start thinking about this until June 2015 at the earliest so you don't need to worry about it for the time being.
• Can we clarify what people mean be self employed here. Are you talking own limited company where you are an employee of your company or self employed (paying class 2 NI) where you are not an employee of your company because you are self employed.
• My situation is private ltd company,employee but earning less than Ј8105 a year(take rest in divi's),do i still have to set one of these up?