Pensions – minimum contributions to increase

From 6th April 2018, overall minimum contributions into qualifying pension schemes are set to increase. The minimum contributions are set to increase again from April 2019 and could represent a significant increase for some employees. The current rates and contributions for the next 2 tax years are as follows:   Date effective                   Employer min. cont’n            … Read More

Top 3 payroll /pension auto enrolment questions

Top 3 payroll & pension auto enrolment Q&A We presented on payroll and pension auto enrolment recently at the Herefordshire & Worcestershire Chamber of Commerce Bromsgrove networking lunch. Despite this issue affecting the vast majority of employers, we found that many were still unclear on some points. Here are the top 3 questions we answered: Question 1 “Can I opt … Read More

Auto enrolment – act before it’s too late

Nearly all employers are affected by the new rules around pension auto enrolment (‘AE’) yet recent statistics show that a worryingly high number have still not done anything about it. It’s called ‘automatic’ because the employee is automatically enrolled onto a workplace pension scheme. Unfortunately, it’s not automatic for the employer – this is an obligation. Each employer has a … Read More

Pension auto enrolment – don’t leave it too late!

You may have noticed that there has been increased coverage in the press recently regarding work place pensions. This is due to new legislation which means that every employer must automatically enrol workers into a workplace pension scheme if the employee: •  is aged between 22 and State Pension age and •  earns more than £10,000 a year and •  … Read More

Pension Auto-Enrolment and RTI – Consider Them Together?

On a phased basis which started on 1 October 2012, employers will be required to automatically enrol employees into a pension scheme, starting with the largest employers first. If you’ve not already had a letter, the Regulator will write to all concerned 12 months before the ‘staging date’ with details of what is required so in theory there should be … Read More