Head in the sand over auto enrolment?

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If you’re enjoying the peace of a subterranean beach experience at the moment, all we can say is STOP. The truth is that avoidance is a pointless exercise that will end up costing you more:

  • The Pension Regulator (TPR) is in constant touch with HMRC and knows that you’re there
  • The £400 fine for failing to declare compliance is not the end of the story
  • You will still have to comply and TPR can compel you to make good staff contributions as well as your own.

For the quarter ending 30 June 2017, TPR reports a 400% increase in the use of their powers to inspect employer records. And nearly a third of all Fixed Penalty Notices and over 40% of Escalating Penalty Notices levied since the beginning of staging in 2012, were issued in this last quarter. TPR are clearly taking their duties seriously!

So, find out what your duties are and leave sandy head burying to Ostriches. If you need our help, just get in touch.

Call us on 01892 234020

or

Email: enquiries@kentpensionservices.co.uk

 

 

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