New employers guide through workplace pension duties Are you taking on your first member of staff as a new employer? If so, you will have workplace pension responsibilities from the moment your new staff start working for you. A great new, simple online tool from the Pensions Regulator makes it easier to understand what you have to do. By answering a … Read More
Minimum pension contributions rates increase again in April Minimum contributions that are set by the government for auto-enrolment will increase again in April 2019. It will be the law. The increase will take the total minimum amount to 8% (at least 3% from you as the employer). This is assuming you’re calculating minimum pension contributions on qualifying earnings. If you … Read More
Don’t let scammers enjoy yours or your employees’ retirement The Pensions Regulator has joined together with the Financial Conduct Authority to launch the ScamSmart campaign in order to warn savers about pension scams. As an employer you pay in to your employees’ pension, with contributions rising again next April. Don’t let yours and your employees’ money go to waste at … Read More
Here is a quick reference guide to get you started. Under the Pensions Act 2008 all employers will have to provide a workplace pension for eligible staff by 2018. This is called Automatic Enrolment (Auto Enrolment).
If you are a small business using HMRC’s PAYE Tools, you’ll soon need to look for payroll software that deals with the pension side of things.