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  • Tips & Advice You & Your Business - Deferring an employee’s auto-enrolment
    Deferring an employee’s auto-enrolment..Seasonal workers. With summer a distant memory and the Christmas rush approaching HMRC has published a reminder that if you expect to employ seasonal or other temporary staff for fewer than three months, you can postpone assessing them for eligibility for your workplace pension. During the three-month period you aren’t required to include them in your pension scheme unless they ask. Tip. Use The Pensions Regulator’s (TPR’s) online tool (see The next step ) to check...
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  • Tips & Advice You & Your Business - First auto-enrolment prosecution
    First auto-enrolment prosecution..Court action. In September 2017 The Pensions Regulator (TPR) started its first prosecution against a company and its MD for failing to put employees into a workplace pension. Stotts Tours (Oldham) Ltd is not a large firm; it only had 36 workers who qualified for auto-enrolment. This shows TPR’s willingness to take a hard line where the workplace pension rules are deliberately ignored. Tough consequences. The MD faces a criminal record and up to two years in prison. The firm...
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  • 600+ Business Solutions - New auto-enrolment timetable
    The phasing in of pensions auto-enrolment has almost concluded. A new regime will apply if you employ someone for the first time from October 2017. What do you need to know?
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  • Tips & Advice You & Your Business - The Pensions Regulator to make spot checks
    The Pensions Regulator to make spot checks..AE final stages. Most employers who were in business when pensions auto-enrolment (AE) was launched in 2012 are now, or soon will be, required to operate the scheme. As a result, in March 2017 The Pensions Regulator (TPR) decided that it was the right time to use its powers to start making spot checks. Visiting rights. The rules allow TPR to make random visits to employers’ premises without notice, although in its press release TPR has said it will give “a short...
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  • Tips & Advice You & Your Business - New access to pensions advice
    New access to pensions advice..Pensions advice. From 1 April 2017 if you have a money purchase or hybrid type pension scheme (see The next step ) you’ll be allowed to use up to £500 (tax free) per year from your fund to pay for financial advice. Conditions. As you would expect, there are conditions to the new pensions advice allowance (PAA). The main ones are: the PAA can be used a maximum of three times only payment for the advice must be made direct from the pension scheme to the pension advisor it can...
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  • 600+ Business Solutions - Auto-enrolment and employees who change their minds
    A few of your employees decided not to join your auto-enrolment pension scheme when it was set up. Can you now just forget about them or do they have the right to change their minds at any time?
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  • Tips & Advice You & Your Business - Auto-enrolment - where do you stand with part timers?
    You’ve taken on a part-time worker who’s asked about joining your firm’s pension under the auto-enrolment rules. Do you have to include them in your workplace pension and what information must you provide?
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  • Tips & Advice You & Your Business - Auto-enrolment penalties rising
    Latest official statistics show the number of employers penalised for not meeting their auto-enrolment obligations has increased dramatically. Is this something you should be worried about?
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  • News - Financial penalties for non-compliance with automatic enrolment
    Swindon Town Football Club has been fined over £20,000 for failing to comply with its automatic enrolment obligations. Could you really be fined such a large amount for not enrolling your eligible workers into a workplace pension scheme?
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  • Tips & Advice You & Your Business - More help from The Pensions Regulator
    More help from The Pensions Regulator..Focus on smaller businesses. It seems that small and micro businesses (those with nine or fewer workers) are struggling to get to grips with the tricky pensions auto-enrolment rules. The Pensions Regulator (TPR) has at last got the message and updated its guide for employers with small firms in mind (see The next step ). The first step. We’ve had a look at the guide and if you don’t know where to start with auto-enrolment this is definitely the place. Even if you intend...
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