The 2020-21 tax year is starting on the 6th of April. See below an update on the key changes regarding workplace pensions: Earnings Thresholds This change only applies to schemes where contributions are calculated on a Qualifying Earnings basis From the 6th of April 2020, the lower level of the Qualifying earnings band will increase...Read More

With coronavirus having such an impact on company operations, The Pensions Regulator has issued guidance on handling workplace pensions amid the disruption. Here’s what employers need to know – about complying with their obligations and supporting staff. Pension contributions must continue – unless the employee opts out Employers are still required to contribute at least...Read More

On a rolling 3 yearly-basis from your staging date or duties start date, employers need to re-assess workers who: Opted out of the workplace pensionLeft the pension scheme after the opt-out periodReduced their contributions to below the minimum level Any worker who meets the assessment criteria for auto enrolment has to be re-enrolled back into...Read More

As small businesses are drawn into auto-enrolment and beginning to appreciate the responsibilities involved, there can be a temptation to explore ways to delay or postpone your workplace pension obligations. This isn’t surprising. Almost overnight, employers have been asked to become pension experts. The scale of the auto-enrolment task can seem overwhelming at first, so...Read More

Auto-enrolment should be win-win: There will be 1.8 million employers setting up and contributing to pension schemes for the future financial security of 5.5 million people – resulting in a new £17.5 billion pool of investable assets for the UK’s economy.  Smiles all round, right? Unfortunately, we have a way to go – because inflexible...Read More