The Pensions Regulator

How is the fine calculated?

The level of the fine is set by Parliament. The fixed penalty notice is set at £400.

If you still don’t comply with a statutory notice after being issued with a fixed penalty notice you may be issued with an escalating penalty notice.

This gives you a new deadline to comply, after which you will be fined at a daily rate of £50 to £10,000, depending on the number of staff you have. The fine will continue to grow at the daily rate until you comply with the statutory notice, or until we stop it.

You can pay your penalty notice online.

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