THIS PRACTICE NOTE APPLIES ONLY TO PENSION SCHEMES IN ENGLAND AND WALES The enrolment duties The auto-enrolment regime established under the Part 1 of the Pensions Act...
THIS PRACTICE NOTE APPLIES ONLY TO PENSION SCHEMES IN ENGLAND AND WALES This Practice Note has been archived. It explains the steps employers should have taken to prepare...
The auto-enrolment regime requires employers to provide information to: • different categories of workers and trustees (or managers) of relevant schemes in accordance...
Jobholders have a statutory right to opt out of a scheme into which they have been enrolled by completing a valid opt-out notice and submitting it to their employer...
An employer can postpone the date on which the auto-enrolment obligations would otherwise apply to an eligible jobholder by up to three months. The date to which an...
The auto-enrolment regime requires certain records to be: • kept in relation to workers and qualifying schemes for a set period • provided to the Pensions Regulator on...
This archived toolkit covers the basic issues relating to pensions auto-enrolment and highlights practical steps employers needed to take in order to meet their...
THIS PRACTICE NOTE APPLIES ONLY TO PENSION SCHEMES IN ENGLAND AND WALES The statutory auto-enrolment regime requires employers to enrol workers automatically in a pension...
THIS PRACTICE NOTE APPLIES ONLY TO PENSION SCHEMES IN ENGLAND AND WALES The auto-enrolment regime requires employers to enrol workers in a pension scheme which meets at...
THIS PRACTICE NOTE APPLIES ONLY TO PENSION SCHEMES IN ENGLAND AND WALES The auto-enrolment regime established under Part 1 of the Pensions Act 2008 (PenA 2008) imposes...
Employers have a duty to: • re-enrol eligible jobholders automatically into an automatic enrolment scheme broadly every three years (where they are not active members of...
THIS PRACTICE NOTE APPLIES ONLY TO PENSION SCHEMES IN ENGLAND AND WALES What is contractual enrolment? Contractual enrolment is where workers are enrolled into a pension...
Automatic enrolment duties The auto-enrolment regime, established under Part 1 of the Pensions Act 2008 (PenA 2008), imposes three key enrolment duties on employers: • to...
Under the enrolment duties, an employer must arrange for: • eligible jobholders to become active members of an automatic enrolment scheme from their automatic enrolment...
A non-eligible jobholder does not need to be enrolled automatically but has the right to opt in to (ie become an active member of) an automatic enrolment scheme. The...
The introduction of personal pensions in 1987 was heralded as offering new choices for self-employed and employed individuals. However, it soon became apparent that the...
In this Practice Note, references to the National Employment Savings Trust (NEST) Order are to the National Employment Savings Trust Order 2010, SI 2010/917 (NEST Order)...
This Practice Note focuses on the different forms of tax relief (whether income tax relief, national insurance contribution relief or corporate tax relief) available in...
Statutory development of personal pensions Retirement annuity contracts were the predecessor to personal pensions. They were introduced by the Finance Act 1956 to ensure...
What is salary sacrifice? Salary sacrifice is an arrangement whereby an employee gives up the right to a certain amount of his taxable salary due under his contract of...
The sample opt-out notice includes the wording set out in Schedule 1 to SI 2010/772 and the statements required by SI 2010/772, reg 9(6)(aa). Notice to opt out of pension...
FORTHCOMING DEVELOPMENT: Following the publication of a discussion paper (DP18/1)on the effectiveness of competition in non-workplace pensions (including stakeholder...
Broadly speaking, tax applies to UK registered pension schemes in three different areas: • tax treatment of member and employer contributions (including refunds of member...
In this Practice Note, references to the National Employment Savings Trust (NEST) Order are to the National Employment Savings Trust Order 2010, SI 2010/917 applicable...
Ways of accruing pension benefits There are a variety of possible pension arrangements for employees. The main options include: • occupational pension schemes • personal...
In this Practice Note, references to the National Employment Savings Trust (NEST) Order are to the National Employment Savings Trust Order 2010, SI 2010/917 (Nest Order)...