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12
May

Late penalty could hamper Newport County's season. Don't get caught out!

Posted on in Payroll
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Once again it has been shown that Auto-enrolment/Workplace pensions are not to be taken lightly even those employers in the public eye are subject to the rules and failure to comply will result in penalties (and not those within the 18 yard area!). Newport may have managed to score late to save their Football League 2 status, however, they have conceded a late penalty which could put the club in jeopardy - Gary Cullen, Tax Director.

LBW's experienced Payroll Team will deal with all aspects of the Workplace Pension from the initial set up process, to running the pension assessments and ensuring that your business is fully compliant with all the statutory regulations. No setup fee will be charged to open your pension scheme so there is very little excuse to start the process now.

Find out more about our fully integrated Auto-enrolment service here.

Newport County AFC fined over automatic pension enrolment

Newport County AFC has been fined £4,500 for failing to enrol staff in a pension scheme.

The Pensions Regulator said the club did not put eligible workers into the government's workplace pension scheme, which started in October 2012.

It warned that employers who remain non-compliant could face being taken to court.

The club has been contacted for comment.

On Thursday, the regulator published a list of companies ignoring automatic enrolment duties.

The system aims to ensure employees, who are not in a company pension scheme, either join one or join an alternative such as the National Employment Savings Trust (Nest).

Charles Counsell, the regulator's executive director of automatic enrolment, said: "Employers who wilfully refuse to become compliant should be in no doubt that we will take enforcement action against them, as these lists show.

"Automatic enrolment is not an option, it is the law."

[Source: http://www.bbc.co.uk/news/uk-wales-south-east-wales-39888296]

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