A bill currently progressing through Parliament could reduce the age and wage at which employers and employees start paying into pensions. Given the seismic upheavals in virtually every other area of life over the past few years, the world of pensions auto-enrolment...
Pension Changes and Pension Carryover in The Budget
If you haven’t been using all your pension annual allowance for the past few years – and if you can afford to – now might be a very good time to boost that pension pot. You have a workplace pension. All your workforce does. Most won’t be bumping up against the...
Collective Defined Contribution Pension Schemes: Worth Considering?
August saw the official launch of a new type of pension scheme. So what is a collective defined contribution scheme, and is it something you should be considering for your people? For as long as payroll departments have paid into pension schemes, the schemes into...
Most People in the Dark About Pension Details
Most of us are paying into a workplace pension every month. But it seems more than half of us – and especially women – are unaware of key issues, or lack an understanding of pensions. Thankfully, your payroll provider should be able to arrange a simple fix. Did you...
The auto-enrolment crackdown
Auto enrolment is proving a challenge for many, especially SMEs – and now The Pensions Regulator (TPR) is getting tough. We explore the mistakes inexperienced payroll workers are making most often. In October, four members of a Derby-based recruitment company became...
Pensions: What Is My Auto Enrolment Staging Date?
One of the questions companies up and down the UK have been asking for the past couple of years is: ‘What’s my staging date?’ It’s a question that must be answered correctly, too, as the penalties for getting this wrong are significant. But what does it mean? For...
Pension auto enrolment – the story so far…
Pension auto-enrolment is underway. If you have 2,000 staff or more, you should by now have your auto-enrolment system up and running. If you have fewer staff, your turn is just around the corner. So what’s the state of play?
Pension auto enrolment
Pensions are changing. If your business employs staff those changes are likely to affect you.