In June, I attended a Pensions Reform course to learn about all the new pension changes planned by the Government and how they will be implemented. To give a snapshot of this and what it will mean to employers I have written a separate page (link below). I do want to stress that I am not a pension provider or advisor. This is simply information of what is to come.
Incidentally, The Pensions Regulator sees the payroll function as key to the automation of auto-enrolment, particularly when it comes to identifying when jobholders reach the age of 22 and/or a jobholder has earnings that reach the PAYE threshold. The payroll function will also be in the position to calculate the relevant pension contributions and monitor the eligibility of jobholders.
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