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More and more companies are receiving heavy fines for non-compliance with regard to Auto-Enrolment pensions. Make sure you are not one of them! Here are six key points that you need to think about.
A recent study by a leading Asset Management firm found that over 75% of employers expressed concern and pressure due to the increased administrative burden and costs associated with Pensions Auto-Enrolment. Even for smaller companies, the work needed is still a considerable amount. Ensuring compliance often falls under the Business owner with the support of payroll specialists or admin support.
In order to make sure you are compliant and have all the correct resources in place for the task of Pensions Auto-Enrolment, here are six key questions that every business owner should be asking themselves:
Many of our clients have chosen to partner with us after analysing the cost, resource and time involved. They realise that it is cheaper to outsource delivery. Doing so with an experienced, specialist adviser buys peace of mind knowing that you are complying with regulations.
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DISCLAIMER: This information is based upon our understanding of current UK law and HM Revenue and Customs (HMRC) practice. Please remember that tax law and HMRC practice may change from time to time. The information contained within this communication does not constitute financial advice and is provided for general information purposes only. The communication is based on literature supplied to us unless other sources are quoted. No warranty, whether express or implied is given in relation to such information. SG Financial Services shall not be liable for any technical, editorial, typographical or other errors or omissions within the content of this communication
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