Employers! Your workplace pensions are changing
April 2019 sees the third and final increase in contributions planned for your employee’s workplace pension scheme. From this date the minimum contribution required for a workplace pension will increase to 8%. As an employer your new minimum contribution will be least 3%. Some employers choose to pay more. The employee will have to make […]
Employees! Your workplace pension is changing
April 2019 sees the third and final increase in contributions planned for your workplace pension. From this date the minimum contribution required for a workplace pension will increase to 8%. Your employer will have to contribute at least 3%. (Some employers choose to pay more) You will have to make up the difference, normally 5%. […]
Pensions are for the self-employed too!
The Department for Work and Pensions (DWP) wants to increase pension savings among self-employed workers. Since it was launched seven years ago, pension automatic enrolment has been a great success with almost 10 million people joining a workplace pension arrangement to date. Take-up rates have been much higher than some pundits had forecast – the […]
New auto enrolment changes are on the horizon
Early in December 2018, the Department for Work and Pensions (DWP) published the thresholds that will apply to automatic enrolment pension contributions with effect from April 2019 (subject to final approval from the Secretary of State). The three key changes to be aware of are: The Earnings Threshold This is the trigger level of earnings […]
Auto Enrolment: Seven Important Things You Need To Know
Auto Enrolment has now been underway for several years, and while the project is nearing the end we are not there yet. There are also some changes on the horizon, so we want to make sure you are aware of what is coming, and also take the opportunity to remind you of some important responsibilities […]
What next for Auto-enrolment?
Seven million workers have said yes to Auto-enrolment, but what happens now? Automatic enrolment has reached a new landmark, but does success so far mean an easier path from 2017, or are there new challenges in store? When automatic enrolment (AE) into workplace pensions started in October 2012, there were some doubts about how successful […]