Automatic Enrolment contributions to increase

The next increase in Automatic Enrolment (AE) pension contributions for both employees and employers will take place from 6 April 2019. The minimum employer contribution will increase from two per cent to three per cent, while the employee contribution will

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Government Brexit redeployments to delay Making Tax Digital for Individuals

A number of key projects at HM Revenue & Customs (HMRC) have been placed on hold to make staff available for Brexit issues, including Making Tax Digital for Individuals. The simple assessment rollout and real-time tax code changes, both part

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Employers attempting to avoid auto-enrolment penalties could have assets seized

The Pensions Regulator (TPR) has announced that employers could have their businesses’ assets seized to pay their debts if they fail to pay workplace pension fines. TPR has powers to fine employers who do not comply with workplace pension rules.

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Total pension savings up on back of Auto-Enrolment

Figures published recently by the Prudential have shown a significant increase in the total amount put away by UK workers towards their pension pots. UK workers’ pension contributions last year amounted to more than £9.3 billion – a 17 per

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Government to raise auto-enrolment upper limit

From April 2016, the Department for Work and Pensions (DWP) is raising the qualifying earnings upper limit for auto-enrolment from its 2015/16 value of £42,385 to £43,000 in 2016/17. The lower limit qualifying earnings band will remain at £5,824 and

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Payroll industry is coping with auto-enrolment

Research into the impact of automatic enrolment on the payroll industry has found the time needed to help SMEs to stage is now an average of 20 days. The study is published by the Chartered Institute of Payroll Professionals (CIPP)

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Employers ‘not preparing early enough for auto-enrolment’

The UK’s regulator of work-based pension schemes is urging hundreds of thousands of small and micro employers to check when they need to start automatically enrolling eligible workers into a qualifying workplace pension scheme.

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Learn more about auto-enrolment

Smailes Goldie would like to invite you to one of their two auto-enrolment seminars taking place in July.

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Businesses need to be aware of escalating auto-enrolment fines

A number of businesses who have failed to sign staff up to a workplace pension scheme have been hit with escalating fines by the Pensions regulator for the first time and Nicki Shipley, Partner at Smailes Goldie is warning other

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