In our last blog on Auto-Enrolment we mentioned briefly that failing to set up your pension scheme by your ‘Staging Date’ will result in fines. We saw back in April how quickly escalating penalties can add up with the case of Swindon Football club, fined £22,000 after repeatedly failing to comply with auto-enrolment duties.

It has recently been revealed that The Pensions Regulator have used their enforcement powers on a total of 8,812 occasions between April 2015 and March 2016. With deadlines coming into effect in 2012, and starting with the largest businesses, it looks as though most of the businesses yet to implement auto-enrolment are the small ones, often with only one employee!

How are small businesses slipping up?

The recent regulator’s report includes details of a garage owner failing to complete a declaration of compliance, thinking a staff member had already done it. Another case study highlights a travel agency failing to complete a declaration of compliance after wrongfully assuming the law didn’t apply to them.

Charles Counsell, Executive Director for Automatic Enrolment, said on the matter:

“Whilst the vast majority of employers are complying with the law, some small employers are still risking fines by failing to understand how it affects them”.

Perhaps you already know your duties, but you’re putting it off. The day to day reality for most people running small businesses is that they spend more time working in the business, than on the business. Perhaps you haven’t had the time to sit down and figure out your role in all of this. Don’t risk daily fines due to stress or confusion!

The good news is, A4G have a solution. They have the experience and the knowledge to completely manage the process for you. Get started today and give us a call on 01474
561153 for a free 30 minute consultation. It’s all about the advice, not just the numbers. 

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