Almost all workers should now be enrolled into a workplace pension under the Automatic Enrolment scheme. But as the employer, your legal duties do not end there.
Research suggests that the average woman in her twenties today will retire with £100,000 less in her pension than her male peers.
The Institute of Chartered Accountants in England and Wales (ICAEW) has raised concerns over proposals to alter the level of tax relief on pensions contributions for low-earners, arguing that any changes could burden businesses.
Pension flexibilities afforded to employers throughout the coronavirus pandemic will be removed from 01 January 2021, it has been revealed.
Employers should continue to meet automatic enrolment obligations despite coronavirus disruption, says TPR
Employers should continue to enrol, re-enrol and contribute towards workers’ pensions whether they are furloughed or not, The Pensions Regulator (TPR) has confirmed.
The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers.
An increasing number of people saving for retirement have been hit by tax charges for exceeding the amount they are allowed to put away tax-free.
Preparing for life after work has become one of the most important considerations for workers as they bid to secure their financial future.
HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy.
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.