The Pensions Regulator (TPR) has begun spot checks in Sussex, Surrey, Hampshire and Kent to ensure employers are complying with their pension duties.
Inspection teams will visit more than 200 businesses from Southampton in the west to Ashford in the east in the weeks before Christmas to check that qualifying staff are being given the workplace pensions they are entitled to.
The move is part of a nationwide enforcement campaign which began in London in April to ensure employers are meeting their automatic enrolment duties correctly.
This is the first time these checks have been done in these counties. Short-notice inspections have previously been carried out in Greater Manchester, Sheffield, Birmingham, Scotland and South Wales.
The checks will help TPR understand whether employers are facing any unnecessary challenges that we can help them with, such as helping them improve their systems.
But they will also highlight employers who have not taken the required steps to become or remain compliant, paving the way for enforcement action.
There are multiple ways to make a positive social impact with your money. Here are six of the most common that you may wish to consider, that your Finura financial planner can help you to implement.
Stamp Duty Land Tax (SDLT) rates for additional residential properties have been increased from three percentage points above the standard residential rates of SDLT to five percentage points above the standard residential rates of SDLT for any transactions which take place on or after 31 October 2024.
Below is a summary of the rates which applied from 23 September 2022 – 30 October 2024 to additional properties versus the new rates with effect from 31 October 2024.
Have you ever found yourself asking “When can I afford to retire?”, “Can I afford to leave a legacy for my loved ones?”, “How much do I need to be saving for retirement?”. If you have, lifestyle modelling will likely be beneficial for you.