According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts.
The minimum contribution you and your staff must pay into your automatic enrolment workplace pension scheme has increased.
More than eight in 10 employees in the UK are now saving into a workplace pension, new figures reveal.
If businesses do not put measures in place to correctly re-enrol their staff into a workplace pension then they could face being fined by The Pensions Regulator (TPR).
HM Revenue & Customs (HMRC) has reminded taxpayers that they can carry forward any unused annual allowance if their pension savings exceed this year’s allowance.
MPs say that automatic pension enrolment is fundamental to funding a new era of retirement, which is becoming increasingly reliant on private rather than public savings.
Small and medium-sized enterprises (SMEs) are being warned to ensure that they are fully compliant with their auto-enrolment obligations, after it emerged that regulators are increasingly cracking down on businesses that fall foul of the rules.
In recent days, HM Revenue & Customs (HMRC) has been forced to remove a popular online calculator from its website, after it emerged that the software was giving users “incorrect” information about how much money they can save into their