Pensions

Modern Workplace pension schemes are often Defined Contribution plans, such as Group Personal Pension Plans or Group Self Invested Personal Pension Plans. When someone joins this type of pension plan,…

In response to a question from Labour MP for East Ham, Stephen Timms, the Government recently confirmed its plans to raise the age at which individuals are allowed to access…

What is a DC pension scheme? Workplace pension schemes are broadly divided into two types – Defined Benefit (where we know what will be paid out but are uncertain about…

Automatic Enrolment of employees into their company’s pension scheme has been mandatory since October 2012. Since that date, all employers must provide a pension scheme for their employees. But employers’…

You will know that the personal allowance is the amount of annual earnings that your employees can earn before paying any income tax. For the 2020/21 tax year, this is…

The ‘new State Pension’ (as it is still referred to on the gov.uk website) has been in place since 6 April 2016, yet many people remain unaware of what they’ll be…

You will know that all UK employers are legally required to automatically enrol their workers (subject to certain criteria) into a pension scheme. Those who pay into pensions (i.e. employers…

According to recent research conducted by the CBI (Confederation of British Industry) and Aegon, nearly half (47%) of businesses believe that the introduction of pensions ‘freedoms and flexibilities’ from April…