Gender pay gap – what does this mean for pensions?

Research suggests that the average woman in her twenties today will retire with £100,000 less in her pension than her male peers.

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ICAEW “questions” pension tax relief proposals

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.Continue reading→

Automatic enrolment easements to be lifted from January, regulator reveals

Pension flexibilities afforded to employers throughout the coronavirus pandemic will be removed from 01 January 2021, it has been revealed.Continue reading→

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.Continue reading→

COVID-19: Government to cover employer NICs and pension contributions of furloughed workers

The Government has announced that it will cover employer National Insurance Contributions (NICs) and pension contributions of furloughed workers.Continue reading→

Increasing number of pension savers hit by tax charges

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.Continue reading→

HMRC backs down from pension tax case

HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy.Continue reading→

Workers could be missing out by not checking personal tax accounts

According to the latest research from the Post Office, just under half (46 per cent) of workers have never checked their personal tax accounts.Continue reading→

Automatic enrolment contributions increase: what you need to do

The minimum contribution you and your staff must pay into your automatic enrolment workplace pension scheme has increased.Continue reading→

Is your workplace pension up to scratch?

More than eight in 10 employees in the UK are now saving into a workplace pension, new figures reveal.Continue reading→