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Increases in minimum pension contributions

by Jessica Garbett | Apr 17, 2019 | ACCA, business issues, pension reform

Research published recently by The Pensions Regulator shows that the vast majority of staff are continuing to save more into their pension following the increases in pensions contributions in April last year. The on-going duties survey of employers showed less than 2%...

Auto-enrolment changes for new tax year

by Jessica Garbett | Feb 20, 2019 | ACCA, business issues, pension reform

The new tax year sees the increase in contributions for both employers and employees/workers. The table below shows the minimum contributions: Date effective Employer minimum contribution Staff contribution Total minimum contribution Currently until 5 April 2019 2% 3%...

Auto-enrolment changes – employers get ready

by Jessica Garbett | Mar 26, 2018 | ACCA, business taxation, employer returns, pension reform

Changes are coming, including to minimum contributions. There are several changes on the horizon, with the most significant being the change in minimum contributions as well as the authentication process for the declaration of compliance. This will impact on the...

Increase in Employer Contributions to Workplace Pensions from 6 April 2018

by Jessica Garbett | Mar 22, 2018 | pension reform, pensions

This is in today from The Pensions Regulator, in their own words: On 6 April the minimum amount employers must pay into workplace pensions is going up On 6 April 2018, by law, the minimum amount employers have to pay into workplace pensions goes up to 2% of qualifying...

Drive to ensure good governance in pension schemes

by Jessica Garbett | Nov 17, 2017 | ACCA, pension reform, pensions

The ACCA have shared this update from The Pensions Regulator: The Pensions Regulator has launched a campaign to protect workplace pension savers by driving up the standards of governance across pension schemes.  21st century trusteeship – Raising the Standards of...

Don’t ignore automatic enrolment duties

by Jessica Garbett | Oct 5, 2017 | ACCA, pension reform

Comment from The Pensions Regulator, and shared by the ACCA To date, more than 8.5m people have been automatically enrolled in a workplace pension by nearly 800,000 employers. The Pensions Regulator (TPR) recently published its annual commentary and analysis report,...
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