Pensions Regulator targets non-compliant employers

Employers who are failing to meet their auto-enrolment obligations are being targeted with mandatory short-notce inspections by The Pensions Regulation (TPR).

 

From 15 May 2019, and continuting through the summer. TPR will use data to detect employers who are suspeced of breaking workplace pension rules. 

 

There require businesses to enrol members of staff who are aged between 22 and state pension age, and earn more than £10,000 a year, into a workplace pension scheme. 

 

For the 2019/20 tax yearm employers must contribute a minimum of 3% of the staff member's qualifying earnings, while the employee must make up the remainder to a combined minimum of 8%. 

 

Employers who fail to put qualifying staff in a pension scheme, make incorrect pension contributions, or make no contributions at all could face fines or court action. 

 

TPR has also warned that obstructing the inspection or refuing to provide information will be treated as a criminal offence.

 

Whilst Lentells are not authorised to give specific advice on suitable pension schemes, we are able to work with clients on the implementation and day to day administration of their chosen scheme, saving time and ensuring compliance. 

To find out more information on auto-enrolment and to contact our specialist payroll department, please click here.