Pensions Regulator

[Syd]

Got a mail from the Pensions Regulator that I need to set up my LTD for pensions auto-enrolment.

Now I have a pensions pot from my permie days (they do auto-enrolment), but they quoted me a 0.76% annual management fee + £46/month employer pension charge. I find this pretty high.

Long term I want to open a Vanguard SIPP but that's not available yet, but I need to comply to the regulator very soon. Also I'm not planning to contribute just right now because building an emergency fund is more important.

So right now I just need anything to tick the box and keep the regulator happy, the cheaper the better, that I can exit easily.

Any ideas?

[northernladuk]

Plenty of articles about this around..

[Jessica@WhiteFieldTax]

Why not just opt yourself out?

[Syd]

Why not just opt yourself out?

I didn't know that is an option (the letter doesn't mention it).
That would solve my problems, how do I do that?

[Jessica@WhiteFieldTax]

I didn't know that is an option (the letter doesn't mention it).
That would solve my problems, how do I do that?

Assuming you are sole director / employee of YourCo Ltd:

https://automation.thepensionsregula.../notanemployer

If there is another employee, its more complex but still possible.

[northernladuk]

Hard work this reading stuff innit..

[Lance]

Hard work this reading stuff innit..

easier than thinking it seems

[northernladuk]

easier than thinking it seems

Indeed :