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

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

Budget 2018: What you need to know

We are delighted to bring you our summary of the key announcements in the Budget 2018 statement, made on Monday, 29 October. The personal allowance will be raised to £12,500 from April 2019, one year earlier than previously planned. At the same time, the higher rate threshold will rise to £50,000, also a year ahead … Continue reading Budget 2018: What you need to know

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

Autumn Budget 2017: What you need to know

Yesterday, the Chancellor announced his second Budget of 2017. Among the key changes to note for this year are: The personal allowance will rise to £11,850 and the higher rate tax threshold for the UK will rise to £46,350 for 2018/19. Automatic enrolment pension minimum contributions increase significantly from 6 April 2018. Employer’s minimum contribution … Continue reading Autumn Budget 2017: What you need to know

Winter Newsletter

Our latest newsletter is here, packed with information on dividend changes, Making Tax Digital, auto enrolment and much more! To view our latest newsletters, visit the publications section of our website. Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

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