Husky Finance is excited to announce an innovative partnership with Swoop Funding that is set to transform how SMEs across the UK manage their workplace pensions, payroll and salary exchange (SE) services. This innovative collaboration simplifies complex pension enrolment and streamlines payroll processes, making it easier than ever for businesses to introduce salary exchange options through a single, integrated platform.
Ensuring compliance with auto-enrolment regulations is crucial for businesses. Non-compliance can result in significant fines and impact future due diligence and credit checks, with company directors also facing the risk of criminal charges under new regulations. The Pensions Regulator issues over 5,000 compliance notices each month, accompanied by substantial fines. Husky’s solutions are designed to mitigate these risks by providing reliable, automated support to ensure businesses remain compliant with legal requirements.
In addition, by utilising salary exchange, businesses can benefit from reduced National Insurance contributions.