Private Members’ Bill to help millions save more into their pension and start saving sooner has cleared Parliament and been … Continue reading Pension AE changes on the way – but when?
Pension AE changes on the way – but when?
Category: Pension
Summer and seasonal only staff – Pension obligations
Social media groups have seen some questions by employers and payroll on whether there are pension requirement for temporary summer … Continue reading Summer and seasonal only staff – Pension obligations
Pension Tax Relief – what are HMRC on about?
In the August 2023, the HMRC are again reminding employers on the confusing pension scheme tax relief methods along with … Continue reading Pension Tax Relief – what are HMRC on about?
August 2023 Employer Bulletin
HMRC have issued the August 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading August 2023 Employer Bulletin
Chancellor Jeremy Hunt’s Mansion House speech
Chancellor of the Exchequer delivers his first Mansion House speech on the evening of Monday 10th July 2023. My Lord … Continue reading Chancellor Jeremy Hunt’s Mansion House speech
State pension 75 years old
75 years ago on 5th July 1948, the modern #StatePension was introduced. Starting from £67.60 a year in 1948 to … Continue reading State pension 75 years old
Are you a ‘Living Wage Employer’?
What is the Living Wage? The real Living Wage is the only UK wage rate based on the cost of … Continue reading Are you a ‘Living Wage Employer’?
Check eligibility for Pension Credit as Week of Action kicks off
Minister for Pensions Laura Trott is today calling on pensioners to check if they are eligible for Pension Credit ahead … Continue reading Check eligibility for Pension Credit as Week of Action kicks off
Deadline for voluntary National Insurance contributions extended to April 2025
More time is given to pay National Insurance contributions towards State Pension. Taxpayers now have until 5th April 2025 to … Continue reading Deadline for voluntary National Insurance contributions extended to April 2025
Pay rises and the impacts on Maternity – the curse of Alabaster
Pay increases to meet the cost of living crisis and the rise in National set Minimum pay. With current level … Continue reading Pay rises and the impacts on Maternity – the curse of Alabaster
April 2023 Employer Bulletin
HMRC have issued the April 2023 edition of the Employer Bulletin which brings the latest HMRC updates and guidance to … Continue reading April 2023 Employer Bulletin
Want to check your tax code?
Now we are in the new tax year, it may be a suitable time to check your tax code. Millions … Continue reading Want to check your tax code?
State Pension age review
The State Pension age timetable will remain unchanged, for the time being. The review was informed by reports from the … Continue reading State Pension age review
State Pension Age Review
The second review of State Pension age has been published The UK government have released the following: State Pension age … Continue reading State Pension Age Review
Deadline extension for voluntary National Insurance contributions
Thousands have been given more time to fill gaps in their National Insurance record and help increase the amount they … Continue reading Deadline extension for voluntary National Insurance contributions
Bill passed to expand pension saving to young and low earners
The Department for Work and Pensions (DWP)… confirmed it will support proposals to expand Automatic Enrolment, enabling millions of people … Continue reading Bill passed to expand pension saving to young and low earners
New Chair of the Money and Pensions Service
The Department for Work and Pensions (DWP) has announced the appointment of Sara Weller CBE as the new permanent Chair … Continue reading New Chair of the Money and Pensions Service
Mary Starks to lead review of The Pensions Regulator
The review will examine how TPR is performing its role and where it can improve, providing greater efficiency and value … Continue reading Mary Starks to lead review of The Pensions Regulator
Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2023/24.
I am pleased to be able to let you know that I have today [26th January 2023] announced the outcome … Continue reading Automatic Enrolment Earnings Trigger and Qualifying Earnings Band for 2023/24.
Christmas season Benefit payment date adjustments confirmed
The Department for Work & Pensions have confirmed adjustments to the Christmas season related payment date adjustments. If there is … Continue reading Christmas season Benefit payment date adjustments confirmed
December 2022 Employer Bulletin
HMRC have published their December 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE Your employees … Continue reading December 2022 Employer Bulletin
Statutory Parental Payment increased by 10.1% from April 2023 to £172.48
Following the governments Autumn Statement on 17th November 2022 and indication that benefits would rise by 10.1%, it has been … Continue reading Statutory Parental Payment increased by 10.1% from April 2023 to £172.48
Ten years of Automatic Enrolment – over £114bn pension savings
Automatic Enrolment has helped millions put more into their pension pots than ever before, according to new figures released to … Continue reading Ten years of Automatic Enrolment – over £114bn pension savings
New Minister for Pensions – Laura Trott
Laura Trott is the new Minister for Pensions with responsibility for pensioner benefits including the State Pension, private and occupational … Continue reading New Minister for Pensions – Laura Trott
Pensions Dashboards – coming soon to a screen near you
Monday 17th October 2022 saw regulations to enable millions of UK savers to access their pensions information at the touch … Continue reading Pensions Dashboards – coming soon to a screen near you
New Pensions Minister – Alex Burghart
Alex Burghart was appointed as Parliamentary Under Secretary of State for the Department for Work and Pensions on 20th September … Continue reading New Pensions Minister – Alex Burghart
The Pension Regulator publishes new compliance and enforcement bulletin
TPR is warning employers to ensure they are complying with their ongoing automatic enrolment duties after inspections carried out earlier … Continue reading The Pension Regulator publishes new compliance and enforcement bulletin
PAY.UK Confirm Monday 19th September 2022 as a non-payment processing date for BACS
From: Pay.UK Enquiries <Enquiries@wearepay.uk> Sent: 12 September 2022 16:43To: PAYadvice.U.K.Subject: RE: External : Bank Holiday 19th September 2022 Good afternoon, … Continue reading PAY.UK Confirm Monday 19th September 2022 as a non-payment processing date for BACS
Consultation on NHS pension changes to boost winter workforce
NHS pension scheme changes could be extended to allow retired staff to retain pension benefits if they return to the … Continue reading Consultation on NHS pension changes to boost winter workforce
August 2022 HMRC Employer Bulletin
HMRC have published their August 2022 edition of the employers bulletin. It covers a multitude of topics: PAYE PAYE Settlement … Continue reading August 2022 HMRC Employer Bulletin
New pension scheme type launched
Collective Defined Contribution pension schemes, or CDCs for short, will offer an alternative to the UK’s two primary pension scheme … Continue reading New pension scheme type launched
1.2 million low earners to see boost in take-home pay
Low earners who save through a Net Pay Arrangement (NPA) pension will get the same level of government top-up as … Continue reading 1.2 million low earners to see boost in take-home pay
Dominic Harris is the preferred candidate for the role of Pensions Ombudsman and Pensions Protection Fund Ombudsman
Harris is currently a Partner in the Pensions Team at law firm CMS. He also serves as Chair of the … Continue reading Dominic Harris is the preferred candidate for the role of Pensions Ombudsman and Pensions Protection Fund Ombudsman
Pension Credit Day of Action saw claims double
Claims for Pension Credit more than doubled during the Department for Work and Pension’s Pension Credit Day of Action. Over … Continue reading Pension Credit Day of Action saw claims double
Minister calls on pension schemes to get “data ready” for dashboards
Minister for Pensions Guy Opperman has called on pension schemes of all types and sizes to make sure their data … Continue reading Minister calls on pension schemes to get “data ready” for dashboards
Eligible pensioners urged to apply for Pension Credit
Pensioners and their loved ones are being urged to take-up Pension Credit, as a new campaign is launched to help … Continue reading Eligible pensioners urged to apply for Pension Credit
Health and Social Care Levy to raise billions for NHS and social care
From Wednesday 6th April 2022, the Health and Social Care Levy will begin to raise billions to tackle the Covid … Continue reading Health and Social Care Levy to raise billions for NHS and social care
Check your Auto Enrolment Pension scheme
Do you operate a banded pension scheme using qualifying earning? Have you checked that the start and end points meet … Continue reading Check your Auto Enrolment Pension scheme
April 2022 – New Tax Year resources
PAYadvice endeavours to keep you as up to date as possible with the latest and developing changes impacting payroll and … Continue reading April 2022 – New Tax Year resources
Pension AE threshold for 2022/2023 frozen
The government have confirmed that the Pension Auto Enrolment thresholds have all been frozen at the April 2021 levels. For … Continue reading Pension AE threshold for 2022/2023 frozen
New measures introduced to protect savers and boost pension guidance take-up
New rules to ensure savers are fully informed of their options when seeking to access their pension pots became law … Continue reading New measures introduced to protect savers and boost pension guidance take-up
Small pension pot protection
New measures to protect small pension pots from being eroded by charges were laid in Parliament Monday 10th January 2022. … Continue reading Small pension pot protection
State Pension Age review
The next review of State Pension age has been launched. The review considers whether the rules around pensionable age are … Continue reading State Pension Age review
New CDC pension scheme one step closer
A new type of pension scheme delivering reliable returns – and potentially boosting retirement incomes for millions, will soon become … Continue reading New CDC pension scheme one step closer
Second State Pension Age Review
The next review of State Pension age has been launched by the Government. The Review is to consider whether the … Continue reading Second State Pension Age Review
New rules put pension savers’ interests first
Plans to protect small pension pots from being eroded by charges will be introduced in April 2022. Hundreds of thousands … Continue reading New rules put pension savers’ interests first
New measures protect pension savers from scams
New measures to protect pension savers and help stop scam transfers in their tracks became law Monday 8th November 2021. … Continue reading New measures protect pension savers from scams
Pension tax relief response – new NPA top-up
Following concerns expressed to government on a purported tax relief anomaly between the Net Pay Arrangement where tax relief at … Continue reading Pension tax relief response – new NPA top-up
New figures show The Pension Regulator (TPR) continues to ensure employers are meeting their pension duties
employers warned not to neglect their automatic enrolment responsibilities as use of TPR powers returns to pre-pandemic levels New figures … Continue reading New figures show The Pension Regulator (TPR) continues to ensure employers are meeting their pension duties
Annual review of State Pension and Industrial Death Benefit rates
The Secretary of State for Work and Pensions explains uprating for State Pension and Industrial Death Benefit in relation to … Continue reading Annual review of State Pension and Industrial Death Benefit rates
Using unfunded pension arrangements
In the agent update 87, the HMRC remind agents about an arrangement where a company creates an unfunded pension obligation … Continue reading Using unfunded pension arrangements
Increasing the normal minimum pension age: consultation response
In its response to the consultation on how to implement the normal minimum pension age increase and the proposed protections … Continue reading Increasing the normal minimum pension age: consultation response
A new way forward for workplace pensions
A new type of pension scheme, with the potential to provide better retirement outcomes and stability, moves a step closer. … Continue reading A new way forward for workplace pensions
Savers urged to be savvy before shifting savings
Plans to support savers seeking access to their pension pots agave been outlined in a change to ensure people are … Continue reading Savers urged to be savvy before shifting savings
Guernsey delay introduction of new Secondary Pension to 2023
The States of Guernsey Committee for Employment & Social Security is seeking to reassure employers and pension providers that they … Continue reading Guernsey delay introduction of new Secondary Pension to 2023
Pension fee shake-up
Government plans to protect small pension pots by limiting the level at which fees can be charged on them will … Continue reading Pension fee shake-up
Employers: Your business might have changed, but your workplace pension duties haven’t.
The Pensions Regulator is reminding employers that while the workplace has changed due to the pandemic, their workplace pensions duties … Continue reading Employers: Your business might have changed, but your workplace pension duties haven’t.
Simpler information to transform pension understanding for savers
Savers will have a much clearer picture of their pension pots from next year, thanks to government plans to introduce … Continue reading Simpler information to transform pension understanding for savers
Nearly 8 out of 10 UK employees (78%) had a workplace pension in April 2020.
Pension Automatic Enrolment (AE) was introduced in October 2012 to require employers to provide and contribute to workplace pensions for … Continue reading Nearly 8 out of 10 UK employees (78%) had a workplace pension in April 2020.
HMRC publish guidance for those employed by umbrellas
HMRC have published further guidance (29th April 2021) to clarify the position on agency and contractors who are employees of … Continue reading HMRC publish guidance for those employed by umbrellas
IR35/Off-Payroll Working – Operating Payroll
This article is based on parts of the HMRC Employment Status Manual ESM10019. How does a Deemed Employer operate PAYE? … Continue reading IR35/Off-Payroll Working – Operating Payroll
Pension enforcement activity rises protecting savers
New figures published 18th February 2021 demonstrate how The Pensions Regulator (TPR) is continuing to robustly protect savers. The latest … Continue reading Pension enforcement activity rises protecting savers
Landmark moment for UK pensions as Bill receives Royal Assent
The biggest shake-up of UK pensions for decades was confirmed Thursday 11th February 2021 as the Pension Schemes Bill received … Continue reading Landmark moment for UK pensions as Bill receives Royal Assent
Salary Sacrifice and furlough reference salary
HMRC have added further clarification to the furlough guidance in relation to salary sacrifice arrangements and the calculation of the … Continue reading Salary Sacrifice and furlough reference salary
Pensions: The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2021
The Department for Works and Pension (DWP) have laid the draft regulations for a Pension Automatic Enrolment (AE) thresholds operational … Continue reading Pensions: The Automatic Enrolment (Earnings Trigger and Qualifying Earnings Band) Order 2021
New protections for small pension pot fees
Thanks to automatic pension enrolment, over 10 million employees have already been enrolled into a workplace pension. But nobody should … Continue reading New protections for small pension pot fees
Legislation Update 2021 for payroll
PAYadvice.UK have issued its 21.4 version of the PAYadvice Series Legislation Update 2021. This is a compilation of the confirmed … Continue reading Legislation Update 2021 for payroll
Combat Pensions Scam pledge
The pensions industry had been called on to publicly pledge to combat pension scams. Providers, trustees and administrators are urged … Continue reading Combat Pensions Scam pledge
Extension of the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme
Dear @PAYadvice, In light of the increased restrictions needed to curb the coronavirus pandemic, the UK government is introducing additional … Continue reading Extension of the Coronavirus Job Retention Scheme and the Self-Employment Income Support Scheme
Nudge to knowledge: Government to boost pensions guidance take-up
Saver protections will be bolstered by government plans revealed today to “nudge” people towards taking pensions guidance. The proposals follow … Continue reading Nudge to knowledge: Government to boost pensions guidance take-up
Simple Pension Statements
Convoluted pension statements are set to be a thing of the past as the Pensions Minister today unveils innovative plans … Continue reading Simple Pension Statements
A million pensioners to benefit from £140 winter fuel bill discount
Around a million pensioners across the UK will receive £140 off their fuel bills, thanks to government efforts working with … Continue reading A million pensioners to benefit from £140 winter fuel bill discount
Pension boost protected by new bill
Work and Pensions Secretary, Thérèse Coffey, has introduced a technical Bill in the House of Commons that will give the … Continue reading Pension boost protected by new bill
Government launches cross-sector Working Group to help address multiple small pension pots
The Government has launched a cross-sector Working Group with industry to assess and make recommendations, as an interim step, on … Continue reading Government launches cross-sector Working Group to help address multiple small pension pots
Women loose state pension age appeal
The Queen (oao Delve and Glynn) (Appellants) v The Secretary of State for Work and Pensions (Respondent) The state pension … Continue reading Women loose state pension age appeal
Open consultation: Pensions tax relief administration: call for evidence
The government is concerned about the potential for a low-earning individual’s take-home pay to be affected by the method of … Continue reading Open consultation: Pensions tax relief administration: call for evidence
Pension Schemes Bill proceeds
Guy Opperman The landmark Pension Schemes Bill, bolstering protections for savers and furthering the government’s progress towards net zero greenhouse … Continue reading Pension Schemes Bill proceeds
Flexible furlough – the Pension Regulator updates to guidance
The Pension Regulator (TPR) has updated its COVID-19 guidance as a result of flexible furlough commencing from 1st July 2020. … Continue reading Flexible furlough – the Pension Regulator updates to guidance
Latest direction on the #coronavirus Job Retention Scheme #COVID19 20th May 2020
The chancellor, Rishi Sunak, has issued a new direction to HMRC in the operation of the coronavirus Job Retention Scheme. … Continue reading Latest direction on the #coronavirus Job Retention Scheme #COVID19 20th May 2020
Pension contributions and Salary Sacrifice – #COVID19 #coronavirus
The Pension Regulator TPR have issued both added and new guidance for employers on pension obligation and salary sacrifice implications … Continue reading Pension contributions and Salary Sacrifice – #COVID19 #coronavirus
Furlough : benefits and salary sacrifice #COVID19 #coronavirus
Letter box, HM Treasury, by P Simon Parsons With employees being placed into furlough, there is much confusion and misunderstanding … Continue reading Furlough : benefits and salary sacrifice #COVID19 #coronavirus
Furlough and Pension contribution obligations #COVID19 #coronavirus
The Pension Regulator (TPR) have updated and added to their #COVID19 information and provided further clarity in relation to employers … Continue reading Furlough and Pension contribution obligations #COVID19 #coronavirus
Avoid the SCAMS #COVID19 #coronavirus
Scammers are attempting to capture your personal detail to commit fraudulent activity. HMRC are warning about text messages that look … Continue reading Avoid the SCAMS #COVID19 #coronavirus
Check your Pension Scheme tax relief
Andy Nicholls is reporting at #CIPPACE19 that a number of employers are applying the wrong tax relief to their workplace … Continue reading Check your Pension Scheme tax relief
CIPP conference – Pension Regulator update
Andy Nicholls of The Pension Regulator has been providing an update at the #CIPPACE19 annual conference. Over 1.5 million employers … Continue reading CIPP conference – Pension Regulator update
Avoid the Pension Scammers – don’t be fooled
Guy Opperman, Minister for Pensions and Financial Inclusion said: “Pensions are one of the largest and most important investments we’ll … Continue reading Avoid the Pension Scammers – don’t be fooled
Payroll and Pension standards and API interfaces – essential for future success?
Committee room 1 of the House of Lords and today's discussion around pension interface standards, data quality and future pensions … Continue reading Payroll and Pension standards and API interfaces – essential for future success?
Pension APIs
Today in committee room 2a of the House of Lords, Payroll and Pension professionals under the chair of Baroness Altman … Continue reading Pension APIs
Pension Auto Enrolment celebration event 30th April 2019
On my way from Peterborough to the Department for Work and Pension celebration event at the Palace of Westminster. It … Continue reading Pension Auto Enrolment celebration event 30th April 2019