Articles and information in relation to UK Payroll for business, employers and employees.
Millions of working women will be better off with new measures being introduced to tackle historic gender pension gap. Millions of women working in local government will see their pensions improve under new reforms coming into force in April, as the government takes action to close the gender pension gap. These steps are to directly benefit working … Continue reading Pension scheme reforms to tackle gender pension gap
…to confront retirement crisis that risks tomorrow’s pensioners being poorer than today’s Almost half of working-age adults are still saving nothing with low earners, some ethnic minorities and the self-employed least likely to be pension saving. Revived Pension Commission will consider the long-term future of our pensions system to make today’s workers better off in … Continue reading Pensions Commission revived to confront retirement crisis
Private Members’ Bill to help millions save more into their pension and start saving sooner has cleared Parliament and been granted Royal Assent The Bill introduces powers to reduce the age for automatic enrolment and starts pension saving from the first pound earned. Since 2012, Automatic Enrolment has transformed pension saving, with around 11 million … Continue reading Pension AE changes on the way – but when?
The State Pension age timetable will remain unchanged, for the time being. The review was informed by reports from the Government Actuary. The government has announced that the State Pension age (SPa) timetable will, for the time being, remain unchanged from the current legislated timetable: SPa will increase from 66 to 67 – between April … Continue reading State Pension age review
The second review of State Pension age has been published The UK government have released the following: State Pension age rise to 67 will take place as planned between 2026-2028. Review within two years of next Parliament to reconsider rise to age 68. Delivers on Government responsibility to ensure the State Pension remains sustainable and … Continue reading State Pension Age Review
The Department for Work and Pensions (DWP)… confirmed it will support proposals to expand Automatic Enrolment, enabling millions of people to save more and to start saving earlier. Jonathan Gullis MP’s Private Members Bill, backed today by the government, grants two extensions to Automatic Enrolment – abolishing the Lower Earnings Qualifying Threshold for contributions and … Continue reading Bill passed to expand pension saving to young and low earners
The DWP has signed the Age-friendly Employer Pledge, a nationwide programme run by the Centre for Ageing Better to promote age inclusive working practices. The Department for Work and Pensions (DWP) recognises the immense benefit that a multigenerational workforce brings and will encourage other government departments and employers to sign up. Permanent Secretary Peter Schofield … Continue reading DWP leads way supporting people aged over 50 at work
The next review of State Pension age has been launched. The review considers whether the rules around pensionable age are appropriate, based on the latest life expectancy data and other evidence. The Pensions Act 2014 requires government to regularly review State Pension age, and in accordance with law, this latest Review must be published by … Continue reading State Pension Age review
The next review of State Pension age has been launched by the Government. The Review is to consider whether the rules around pensionable age are appropriate, based on the latest life expectancy data and other evidence. The Pensions Act 2014 requires government to regularly review State Pension age, and in accordance with law, this latest … Continue reading Second State Pension Age Review
In its response to the consultation on how to implement the normal minimum pension age increase and the proposed protections framework, the government will legislate in the Finance Bill to increase the normal minimum pension age from 55 to 57 on 6th April 2028. This is the age at which most members of registered pension … Continue reading Increasing the normal minimum pension age: consultation response