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Home» Accounts » The law on pensions is changing

The law on pensions is changing

Posted by admin - July 22, 2011 - Accounts, Business

New lawsThe new law requires all employers with at least one worker to automatically enrol certain members of their workforce into a pension scheme and to make contributions to it. The law comes into force for employers between 2012 and 2016.

Employers must:

  • Automatically enrol eligible jobholders into a qualifying pension scheme
  • Make contributions on behalf of their workers
  • Register with The Pensions Regulator
  • Communicate certain information to their workers
  • Fully comply with the pension law to avoid fines and prosecution.

For fresh ideas, new possibilities and a value driven service go to Garside & Co LLP Chartered Accountants in London.

Related posts:

  1. New employer pension obligations
  2. Voluntary NI contributions for tax years 1996/97 to 2001/02

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