If you employ 1 person you must by law provide a work place pension for your employee, at present the employee pays a minimum salary contribution of 3% and the employer 2%.
From April 2019 this will increase to 5% employee and 3% employer.
Certain employees are exempt from auto enrolment; if there salary is less then 10k, under 22 years of age, over state pension age or they are already in a pension scheme.
If your employee opts out you must opt them back in after 3 years.
You cannot encourage or induce any employee to opt out to save your company money.
Any decision to opt out must be taken freely by the member of staff without any influence from the employer.
If you purchase an asset but have already used up your AIA allowance for the period or the asset does not qualify for AIA, it will need to be added to the main capital allowances pool.
There are 3 types of rates and pools, main rate attracts 18% allowance, special rate pool attracts 8% (mainly cars over certain CO2 emissions) and single asset pools with a rate of 18% or 8% depending on the asset.