The Pensions Regulator has a number of enforcement tactics up its sleeve if you don’t comply with your employer duties regarding auto-enrolment.
Ignorance is not an excuse, and just like self-assessment, you will have to comply in the end. Don’t leave it until the notices and penalties start arriving.
Companies are working towards their auto-enrolment staging date
Over the next two years, small businesses with employees, throughout the UK, will be working towards their auto-enrolment staging dates. Your company will be no different, unless you have registered in a workplace pension scheme already (in which case you are ahead of the game).
Salient points to bear in mind
· You, the employer, are responsible for complying by enrolling staff into a workplace pension.
· You should know your company’s staging date for auto-enrolment.
· You should have already started the auto-enrolment process.
If you have missed your staging date, then it sets the Pensions Regulator enforcement ball rolling. This can start informally and eventually lead to FINES.
Enforcement for non-compliance of auto-enrolment:
· Informal action
o The Pensions Regulator will communicate with the employer direct via phone or email or send a warning letter to the company.
· Statutory notice
o This will advise you how to comply with your duties and will give you the opportunity to pay any late or missed contributions.
· Penalty notices
o These are sent to those who deliberately refuse to comply.
Why leave it so late?
Auto-enrolment for your staff is something that you have to do anyway, so why not find a company to help you through the process. Implement the workplace pensions for your employees and then you have one less thing to worry about.
For expert auto-enrolment help, advice and a friendly person on the end of a phone
Call a member of the Enrol My Staff team on 01329 559 130, email us on firstname.lastname@example.org or visit the Enrol My Staff – the EMS process page .
We look forward to hearing from you.
Enrol My Staff, auto-enrolment in Hampshire, West Sussex and the surrounding areas.