Auto enrolment is now a common watchword for business – having been rolled out across the UK over the past few years. By making it compulsory for employers to enrol eligible employees into the company pension scheme and to pay into it too, auto enrolment has been designed to encourage individuals to save for later in life.
What are Auto Enrolment Spot Checks?
With the final deadline of February 2018 fast approaching, The Pensions Regulator (TPR) is carrying out another round of spot checks to ensure compliance. This new wave of spot checks, which will be happening in and around Glasgow, will make sure that staff are receiving their pension entitlements. This follows checks in other cities around the UK, where thousands of fines have been handed out to companies found to be avoiding the new laws. It is clear that the authorities want to send a message that evasion won’t be tolerated.
Do remember – auto enrolment is not optional. And while the deadline for smaller companies has taken longer to come around, the cut-off is imminent. It’s important to make sure you’re prepared if you haven’t already set plans in motion.
It needn’t be complicated either. Give us a call to discuss first steps and make sure you don’t get caught out by any future, inevitable spot checks. Or have a read of our previous auto enrolment blogs for more information.