If you have missed your staging date, duties start date or triennial review date, or have fallen behind with contributions, don’t panic. It’s hugely important that you get back into a compliant state as soon as possible and we’ve helped many FSB members to do exactly that.
You will need to get a scheme set up, issue communications, work out and pay back dated contributions, as well as complete your Declaration of Compliance. It’s quite a lot to do, and needs doing quickly, but we are here to help.
By not complying with the legislation, you are at risk of significant fines and legal action from The Pension Regulator, and you may even already have received a fine. This situation will not go away and will only get worse the longer you leave it.
The quicker you get in touch, the better position you will be in, so don’t delay and contact FSB Payroll and Pensions today.
We want to be as clear with our pricing structure as possible. However, due to the variety of circumstances we come across, which can have huge impacts on the work involved, each case will be individually priced.
As a rough guide, if you have variable monthly salary payments, we charge £10 per pay period per employee to get you back into a compliant position. So, if you pay monthly, have to backdate six months and have four employees, our usual charge would be in the region of £240 + VAT. If you have identical monthly salary payments, we usually charge £5 per pay period per employee.
We will ensure that we have agreed a price with you before any work is undertaken or charges incurred.
For more information and a no-obligation chat.
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