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Many small companies are now being fined by The Pension Regulator. Assuming because staff have opted out that Auto Enrolment is completed is not a defence, you will still be fined if you don’t complete the Declaration of Compliance. Fines start from a fixed penalty of £400 and in addition rises to a daily penalty […]
The number of reported whistle-blowers from disgruntled employees against their employers for Auto Enrolment irregularities was up in 2014/15 to 1,985; this is an increase of 488 from 2013/14 when 1,497 reported their employers to The Pension Regulator.
SGW payroll will soon be launching a portal for customers to upload and download their payroll data to and from us. Currently we have an option to upload only but watch this space, soon you’ll have your own secure portal.
Pensions minister Ros Altmann has warned the industry against complacency over auto-enrolment, as the project reached its half way point. “With auto-enrolment we have put in place what has been a hugely successful programme with nearly half of the workers in this country having been automatically enrolled and opt outs very low. “But we shouldn’t […]
We will be exhibiting at the Health+Care exhibition at the Excel arena in London, on the 24th and 25th June. We are on stand P40, if you are in the industry and attending, come and pay us a visit. We will also be speaking about Auto Enrolment on Thursday the 25th at 12 – 35 in the […]
A survey of small businesses with auto-enrolment staging dates between 2015 and 2018 indicate that almost 25% may miss their date, risking penalties or fines by The Pensions Regulator.
SGW can now complete your company’s Declaration of Compliance as part of our full-service Auto Enrolment package. According to The Pensions Regulator, 1,139 notices were issued in the last three months of 2014, and a significant number of those notices were to employers who missed their Declaration of Compliance deadline. Even though each business has a […]
The government has confirmed a rise in the National Minimum Wage from £6.50 to £6.70, as of October 2015. The rise, which is a difference of 3% is the largest increase in the wage since 2008. According to gov.uk, the increase is set to benefit a massive 1.4 million of Britain’s lowest-paid workers. Read more […]
According to onrec.co.uk, a new report published by the CIPD has revealed that the average pension contribution by the employee into a workplace pension scheme is 5%. Although, the majority of employees say they think they should be saving 9% and a massive 43% of employees think they should contribute more than 10% of their […]
It’s important that you thoroughly understand what Auto Enrolment means for your business. If your staging date passes you by, you can incur a hefty fine. If you are unsure when your staging date is find out here. Fact one Up to 40% of businesses have incorrectly estimated their staging dates (The Pensions Regulator) Fact […]