Sanctum Auto-Enrolment Compliance
Check
Checks carried out
include:
- Checking
individual pension contributions are not below
statutory levels
- Checking that
postponement was applied correctly
- Identifying
failures to auto-enrol employees correctly
- Identifying over
payments and missing employees
- Identifying the
value (before compensation for investment returns)
of any employee financial detriment.
A Sanctum Auto-Enrolment
Compliance Check will:
- Check whether employers
were auto-enrolled correctly and whether correct
employee and employer pension contributions have
been made
- Where problems are
found, Sanctum is able to re-run AE, if necessary
from the staging date, and calculate the
corrections required to make an employer compliant
with AE legislation.