Workplace pensions Following the introduction of the 2008 Pensions Act, all businesses with at least one eligible member of staff must operate a workplace pension scheme. Workplace pensions are regulated and protected by The Pensions Regulator which is […]
National Insurance sees a further reduction The main highlight of the budget was a further 2% reduction in Class 1 employee National Insurance from 10% to 8%, effective 6th April 2024. This follows the recent reduction, announced in […]
Earlier this year we talked about pensions and auto-enrolment and covered a number of topics including the legal and compliance requirements under the Pensions Act 2008; the cost to a business of running a pension scheme; and the […]
Pension breaks for high earners The chancellor announced an increase in pension allowances for high earners, increasing the annual cap on tax-free pension contributions from £40,000 to £60,000. In addition to the annual increase, the tax-free lifetime allowance […]