Smart Pensions have informed me that they will be imposing a £15pm + VAT charge on seven of my smaller payroll clients. In most cases the sole employee is a spouse who has already opted out. Given that Declarations of Compliance have already been made, and no pension contributions are necessary, is it possible to simply close the pension schemes until such times as the next re-enrolment date comes around?
18th Oct 2021
Need for inactive company pension schemes?
Smart Pensions are imposing a £15pm +VAT charge, can an inactive pension scheme just be closed?
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