11th May 2016

Are You Ready for the Pension Enrolment?

We thought we would take this opportunity to remind you about the upcoming pension obligations for small businesses. It is reported that many small firm owners could face fines for missing their auto-enrolment staging date. All employers now have to offer a scheme whether they employ only one person or even if that person is a relative!

Small companies face legal obligation to set up an auto-enrolment scheme for their employees between now and 2018 – or face a fixed-notice fine of £400 if they fail to do so, this can escalate to £10,000!

If you are a company that employs 4 or less people there is free advice available from the government. Additional information is available on www.gov.uk/workplace-pensions/about-workplace-pensions

We are happy to recommend our own pension advisors if required. Please give us a call if we can help.

 

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