A bus company and its managing director will have to pay more than £60,000 after they admitted trying to avoid giving their staff workplace pensions. This is understood to be the first such prosecution by The Pensions Regulator (TPR).
Lee Reynolds Payroll Manager said “Automatic enrolment is a continuing responsibility for employers who need to pay regular contributions into the pension scheme, monitor the age and earnings of their staff and enrol any eligible staff, process any requests to join or leave the scheme, keep and maintain accurate records and re-enrol eligible staff every three years if they are not already active members.”
All of this should become ‘business as usual’, just like real-time PAYE.
If you would like further information and guidance, then please contact Lee Reynolds or Sam Robinson on 01788 539000.