Posts by Mark Dyer

Top Tips: Pensions Auto Enrolment

It’s now been nearly six years since changes to the Pensions Act has required all companies, under Auto Enrolment, to provide workers with a Workplace Pension Scheme. Pensions Auto Enrolment represented a fundamental change in the way pensions are offered to employees; previously it was the Company’s decision on whether they offered their staff a pension scheme and under what rules. Pensions Auto enrolment turned this on its head as it’s now the workers’ right to be provided a pension scheme and for them to decide whether they elect to remain or leave the scheme. Automatic Enrolment isn’t simply about
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Categories: Top Tips.

Top Tips: Setting up a Payroll

So you have taken the plunge and set up your own business and started employing people (see our other ‘top tips’ articles on how best to do this), now you will need to have the capability to pay them appropriately and meet your Pensions Automatic Enrolment commitments. We’ll deal with Auto Enrolment in a separate article. What to Consider When Setting up Your Payroll The ability to pay people correctly is one of those requirements that doesn’t get recognition when done well however becomes a real issue for both employee and employer when it’s not done right. As part of
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Categories: Top Tips.

After 13 Great North Runs and 2 Lincoln Half Marathons, Our Director is donning his trainers again

London Marathon 2018 After 13 Great North Runs and 2 Lincoln Half Marathons, Adam Davey is donning his trainers again, but this time the challenge is even bigger and better as he steps up to take part in the 2018 London Marathon. He will be raising funds for one of our clients, Centrepoint, the young people’s homeless charity. Centrepoint provides housing and support for young people in London, Manchester, Yorkshire and the North East and through partnerships all over the UK. Centrepoint aims to give homeless young people a future and supports more than 9,200 homeless young people a year into a home and a
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Categories: News.

Pensions Regulator begins spot checks in East Midlands to ensure Auto Enrolment compliance

The Pensions Regulator (TPR) has begun carrying out spot checks across the East Midlands to make sure employers are complying with their pension duties. Inspection teams will visit dozens of businesses in the East Midlands this month to check employers are meeting their automatic enrolment (AE) duties correctly. The move is part of a nationwide enforcement campaign that began in London last spring and has so far been carried out in Greater Manchester, Sheffield, Birmingham, South Wales, Edinburgh and Glasgow. According to TPR, the checks help The Regulator to understand whether employers are facing unnecessary challenges they can be helped with.
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Categories: News.

Tax-free childcare roll out 

Tax-free childcare roll out The implementation of Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare, is being rolled out to eligible parents in stages. The scheme first made its debut in April 2017 and although there have been initial systems problems, HMRC’s aim is to have the scheme open to all eligible parents by 14 February 2018. Application is made online through the Childcare Choices site www.childcarechoices.gov.uk and applications can be made for all eligible children at the same time. Under Tax-Free Childcare, for every £8 the parent pays, the government provides a £2 top-up,
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Categories: News.

Supporting Grassroots Football – Petaurum Solutions sponsor Rustons Sports FC Under 13’s kit

  We are delighted to announce our support of grassroots football with the sponsorship of Rustons Sports FC Under 13’s away kit. Rustons Sports FC Under 13’s, who play in the Mid-Lincs Youth League played their first fixture in their new kit on 7th January. Adam Davey, Director at Petaurum Solutions’ commented “We are so pleased to help the team in this small way and in doing so encourage the boys with their football development.  Rustons has a rich and long history of developing youth players and the Under 13’s Management Team put in so much of their own time
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Categories: Uncategorized.

Half of SMEs not ready as auto-enrolment deadlines loom

Nearly half of employers required to set up a pension scheme for their staff in the next two years remain in the dark about their responsibilities, according to a survey. More than a million small businesses will need to ensure employees are in a workplace pension scheme, under the government’s auto-enrolment plan. The deadlines for conforming to the rules pick up rapidly this month. But the survey by the Federation of Small Businesses (FSB) found that 45% of those asked were confused about the rules and their responsibilities, according to the BBC. Some 25% of those surveyed also feared that
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Categories: Uncategorized.

Childcare Voucher Schemes due to close to new applicants from next April Many people are unaware of upcoming changes to the Childcare Voucher Scheme, despite significant reforms coming into force in just six months. From April 2018, Childcare Voucher Schemes will be closing to new applicants. Employees who have already signed up to a company’s scheme will be eligible to keep receiving vouchers, but they will not be able to rejoin the programme if they leave and will not be able to join their new employer’s scheme if they change jobs. Although the vouchers are essentially being replaced by tax-free
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Categories: Uncategorized.

First Prosecution for a Company Director by the Pensions Regulator for AE Non-Compliance

This month The Pension Regulator launched its first prosecution of a company and its director for deliberately avoiding their automatic enrolment duties. Stott Tours, based in Oldham, Greater Manchester, and its managing director, Alan Stott, are accused of deliberately not putting 36 of their staff into a workplace pension. They have been summonsed to appear at Brighton Magistrates’ Court on 4 October 2017. Over 400,000 employers have now complied with their legal duties, but the regulator  will use its powers where they are failing to give their staff the pensions they’re due. Petaurum Solutions Comment We will continue to track this
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Categories: Uncategorized.

If you don’t keep up your pension contributions or fail to stage, the Regulator WILL find out

If you don’t keep up your pension contributions or fail to stage, the Regulator WILL find out Automatic enrolment (AE) is now business as usual for most employers. As outlined in the Pension Regulators latest compliance and enforcement bulletin, the level of enforcement work they carry out has increased along with the number of employers who have AE duties to comply with. In the last quarter alone the Regulator conducted approximately 25% of all AE enforcement activity they have ever taken. Their enforcement strategy varies, from issuing compliance notices when an employer fails to declare their compliance on time, to
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Categories: Uncategorized.