Six Arrests Auto Enrolment Fraud

Six Arrests Auto Enrolment Fraud.

Yesterday, the Derbyshire and Nottinghamshire police, working alongside the Pensions Regulator and the Employment Agency Standards Inspectorate, arrested six people in connection with an alleged auto-enrolment fraud.  Raids took place at two sites in Derby and Nottingham with arrests made across same area with one person voluntarily handing themselves in.

There is little or no detail of what has happened but it is thought to involve the collection of pension contributions, under paying workers.

What is auto-enrolment for Workplace Pensions?

What are the basic criteria for employee?

When should employers pay pension contributions?

The latest date that pension contributions should be paid to the pension company is the 19^th day of the following month.  For example, if you were paid and made pension contributions at the end of October, your employer needs to pay across all income tax, national insurance and pension deductions by the 19^th of November.

Employers need to act or face fines

The staging dates for setting up auto-enrolment workplace pension for smaller employers are starting to loom for both this year and 2016.  Make no mistake, employers will be fined if they do comply with the law.  Learn more about your duties for auto enrolment and watch our video on the same.

If you are a single employee company, sole director with no other employees, you may be exempt but still need to tell the Pension Regulator. Contact us for our template letter to write to or email to the Pensions Regulator.