Minimum pension age increase to 57

5 November 2021, Advocates, Musicians, Sole Traders

Finance Bill 2021-22 includes minimum pension age increase The government has published the Finance Bill 2021-22 (Finance (No. 2) Bill), which includes a clause to increase the normal minimum pension age from age 55 to age 57 from 6 April 2028. If you were born before 6 April 1973 consider whether you want to take […]

Pension re-declaration of compliance

13 May 2019, Auto Enrolment, Charities, Companies, Employer, Sole Traders

How to complete your auto-enrolment pension re-declaration of compliance Any employers who started employing workers before 1st October 2017 will have been issued with a staging date. This is the date when they had to have a qualifying auto enrolment pension in place. For anyone who starting employing people after 30th September 2017 pension duties […]

Pension re-enrolment

8 May 2019, Auto Enrolment, Charities, Companies, Employer, Sole Traders

Pension Re-Enrolment due every three years All employers should now be aware of the their pension obligations. Any employers who started employing workers before 1st October 2017 will have been issued with a staging date. This is the date when they had to have a qualifying auto enrolment pension in place. For new businesses / […]

Sole Director Companies and Auto Enrolment

18 March 2017, Auto Enrolment, Employer

A company, or individual without employees is not required to have an Automatic Enrolment Pension Scheme. Where a company has no-one on payroll and no workers it is normally clear that Auto Enrolment doesn’t apply. The situation is less obvious with sole director companies and auto enrolment. If you are the sole director of your company and have no staff or workers, the company does not have automatic enrolment duties

Auto enrolment categories of workers

22 February 2015, Auto Enrolment, Charities, Companies, Employer, Sole Traders

Who is entitled to a pension? The three auto enrolment categories of workers are defined by their age and earnings. Each category is explained in the table below. Workers must be assessed each pay reference period (pay day) and anyone moving from one category to another must be dealt with according to the regulations. Entitled […]

Auto enrolment minimum contributions

18 February 2015, Auto Enrolment, Charities, Companies, Employer, Sole Traders

Employer and employee contributions From an employer’s staging date, they are required to provide a pension scheme and monitor the pay of workers according to thresholds set by legislation. Employer contributions of 1%, rising to 3% must be paid into a pension scheme on earnings between the lower level of qualifying earnings and the upper […]

Auto Enrolment Multiple Postponement

18 February 2015, Auto Enrolment, Charities, Companies, Employer, Sole Traders

Can an employer postpone automatic enrolment duties on multiple occasions in relation to the same worker? Postponement is described as ‘postponement of automatic enrolment’ and sometimes referred to as a ‘waiting period’. Essentially it means the postponement of the assessment of the worker and therefore a postponement of whichever employer duty may apply, depending on […]