Farmers face fines if they don’t adopt the new workplace pension rules. The Government has brought in to place a new scheme called Auto Enrolment in which all employees must be enrolled in a workplace pension scheme. The Pensions Regulator says that over 1,000 employers were issued with fines of £400 for failing to comply with the scheme in the final quarter of 2015.
You cannot “encourage” your staff to opt out of the scheme as this will also be penalised.
The scheme applies to:
- all employees aged over 22 and under state pension age.
- Employees earning more than £10,000
- Includes family members who are employed on the farm – and migrant workers
- Part time workers can ask to be enrolled in the scheme
You should have received a letter 12 months before your staging date.
Here at Green and Co we are already providing an Auto Enrolment service for a number of our clients.
Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.
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