Properly handling employer pension contributions is crucial to avoid fines from The Pensions Regulator (TPR). Here’s what you need to know: Key Points Deduct contributions from staff salaries and ensure accurate and timely payments to the pension scheme. Contact your pension scheme provider or trustees if you’re uncertain about payment amounts and schedules. Non-compliance […]
Managing Employer Pension Contributions and Funding Read More »
When we talk to accountants about auto-enrolment (AE) obligations, one of the common things they say is: “The client is ultimately responsible for AE compliance, not us or payroll.” Yes – it is the employer’s legal obligation to provide staff with a compliant workplace pension scheme. However, The Pensions Regulator (TPR) is recognising the role
First Accountant Charged Over Auto-Enrolment Read More »
The Pensions Regulator (TPR) recently announced that it has fined 40,000+ companies over auto-enrolment failures. The scale of action shows that auto-enrolment compliance has been more complex than many companies anticipated, with even well-intentioned organisations feeling the brunt of TPR’s scrutiny. As a result, many companies are unknowingly and unnecessarily exposed to risk – and management teams
What companies (and their directors) need to know about auto-enrolment fines Read More »
In the fast-paced world of financial news, there was a buzz surrounding Husky. With a passion for revolutionising workplace pensions, Husky had caught the attention of industry experts and was making waves in the market. The article shone a spotlight on an often-overlooked gem known as Salary Exchange, a benefit that had remained untapped by
Husky was featured in The Times Weekend Read More »
Determining how much to contribute to your pension is an important consideration for securing your financial future. The amount you can contribute to your pension while still receiving tax benefits is governed by the pension allowance. Let’s explore the pension allowance and understand how it affects your pension contributions. What is the Pension Allowance? The
How much should I pay into my pension? – Pension allowance Read More »
The UK tax law impacting contractor engagements In the realm of contractor engagements in the United Kingdom, one term that holds significant importance is “IR35.” This tax law has garnered attention and sparked discussions among businesses, contractors, and stakeholders. In this article, we will delve into the intricacies of IR35, examining its purpose, implications, and
Understanding IR35 Read More »
What is postponement? You can delay enrolling some or all of your employees on your company’s workplace pension scheme for up to three months. At the end of this period, your employees should be enrolled on the scheme. You are also required to let your staff know what you are doing and how auto-enrolment will
Auto-enrolment postponement: is it right for your business? Read More »
On a rolling 3 yearly-basis from your staging date or duties start date, employers need to re-assess workers who: Opted out of the workplace pension Left the pension scheme after the opt-out period Reduced their contributions to below the minimum level Any worker who meets the assessment criteria for auto enrolment has to be re-enrolled
Re-enrolment – What’s it all about? Read More »
It was the first time we tried crowdfunding, and it was a resounding success – we hit our target in just 15 days. Many thanks to the 460 people who helped us raise more than £415,000. The investment will drive more product development and marketing initiatives that help people take more control over pensions. We kicked
Husky crowdfunding smashes target Read More »
A happy employee is the most important asset your business has. When they know you’re looking after them, they look after you. 47% of employers say budget is their biggest barrier to improving employee engagement levels (according to a June survey of HR decision-makers). With businesses truly needing to achieve more with less, helping staff feel
The zero-cost employee benefit – What are you waiting for? Read More »