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
Category Archives: Pensions
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HM Revenue and Customs (HMRC) has recently withdrawn an appeal in a key court case over a 55 per cent charge it wanted to levy.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
Have you used your unused pensions annual allowance?
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. Continue reading
Call to increase auto-enrolment pension contributions
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. Continue reading