Why Auto Enrolment? The private pension funding had poor reception from employees because it required the employees to opt into the pension scheme themselves, and there was no obligation for the employers to make contributions. The new Auto Enrolment regulation requires the employers to make provisions for a pension scheme…

A new National Living Wage (NLW) is being introduced from April 2016. During his budget announcement, George Osborne explained that the NLW will be compulsory, and the government aims at reaching an NLW of £9 an hour by the year 2020. Here is an insight into the details of the…

April 2016 sees a change in the tax regulations that will affect Scottish taxpayers. The UK income tax for Scottish taxpayers will reduce by 10p in the pound and at the same time a new Scottish income tax will be levied in its place. The rate of Scottish income tax…

The latest research from The Pensions Regulator has revealed that employers are increasingly relying on the assistance of advisers and intermediaries to help them meet their auto enrolment responsibilities. The research was comprised of two separate surveys. The first gauged the understanding and readiness of employers in regard to their…

The Pensions Regulator has urged hundreds of thousands of small businesses to check their auto enrolment staging dates after research revealed that almost two thirds of businesses still have no idea when their new workplace pension obligations begin. Research published twice a year by the regulator tracks employer and intermediary…