Reviewing the Changes to Pensions Auto-Enrolment

From 6 April 2019, minimum employer and total contributions into pension schemes rose. Here, we review these changes, and analyse the pensions auto-enrolment scheme in greater detail. Auto-enrolment: an overview Under the pensions auto-enrolment scheme, employers must automatically enrol eligible workers into a qualifying pension scheme. Employers’ duties include assessing the types of workers in … Continue reading Reviewing the Changes to Pensions Auto-Enrolment

Are You Making the Most of Pensions Tax Reliefs?

Experts have recently warned that thousands of over-55s are at risk of incurring charges and reducing the available tax relief if they continue to delve into their pension pots whilst benefiting from workplace pension contributions. This article takes a look at some key pensions tax reliefs and allowances. Relief on pension contributions All pension schemes, … Continue reading Are You Making the Most of Pensions Tax Reliefs?

National Minimum Wage and Auto Enrolment Rates from April 2019

Following on from the Chancellors Budget, further changes will affect how you pay your employees from April 2019. It has been confirmed that the National Living Wage for workers aged 25 and over will be increasing from £7.83 to £8.21 per hour. The complete list of changes from April are: Current Rate From April 2019 … Continue reading National Minimum Wage and Auto Enrolment Rates from April 2019

Auto Enrolment Rolls on for Another Year

Beginning the 6 April 2018, employers may be required to increase the amount of contributions into their employees’ Auto Enrolment schemes. The contribution levels will also rise again in a further year’s time, with employers paying a minimum of 3% towards the pension and the total minimum contribution reaching 8%, the employee making up the … Continue reading Auto Enrolment Rolls on for Another Year

Pensions Re-Enrolment: Don’t Get Caught Out

As an employer, did you know that you have a legal duty to re-enrol certain employees back into an automatic pension scheme every three years, even if they opted out the first time? Failure to do so could result in a penalty... If you were one of the thousands of businesses that auto-enrolled employees in … Continue reading Pensions Re-Enrolment: Don’t Get Caught Out

The Rising Tide of Auto Enrolment

Over the course of the next two years Auto Enrolment Pension contribution rates are rising. These changes will affect you as an employer as well as your employees. Currently the total minimum amount is 2% of qualifying earnings, of which the minimum for the employer to pay is 1%. This means that the employee normally … Continue reading The Rising Tide of Auto Enrolment

Preparing for Auto Enrolment Seminar – 13 April 2016

We are delighted to announce that Stephen Rowntree from The Pension Regulator will be presenting at our Auto Enrolment seminar on Wednesday 13th April. You may be aware from seeing ‘Workie’ the striking physical embodiment of the workplace pension on your TV screens, that the law on workplace pensions has changed. Every employer with at least one … Continue reading Preparing for Auto Enrolment Seminar – 13 April 2016

Pension Auto Enrolment Top Tips

Thousands of British Businesses are starting Automatic Enrolment in the coming 12 months here are our Top Tips for success: Don’t ignore the issue – it won’t go away! Also you cannot try to encourage employees to choose not to enrol, it may come back to haunt you. Make sure that the Pension Regulator has … Continue reading Pension Auto Enrolment Top Tips

The Monster Of Auto Enrolment

The government has introduced a new character to our television screens this month: Workie. The multi coloured monster is designed as the physical embodiment of workplace pensions and will be fronting a media campaign to remind businesses of their responsibilities. Pensions Minister Baroness Altmann was personally involved in the character’s creation. While admitting is was … Continue reading The Monster Of Auto Enrolment

Auto Enrolment Toolkit

The Pensions Regulator is due to release a toolkit to help users of HMRC Basic PAYE tools with their upcoming Auto Enrolment responsibilities. Currently there is no functionality within Basic PAYE tools to process Auto Enrolment, and the Pension Regulator has confirmed that it has no plans to either. Which leaves the roughly 200,000 users … Continue reading Auto Enrolment Toolkit