Pension Reform – your obligations

In October 2012, the Government introduced workplace pension reforms known as auto enrolment.

As a company director or business owner, it is your obligation to understand what a Qualifying Scheme is, the process and how it works, and what duties and obligations you must comply with.

From April 2019, employer contributions are a minimum of 3%, and member contributions are at least 5% (this receives basic rate tax relief), making a total of 8%.

I can help you understand the issues and requirements of workplace pensions and offer guidance to ensure your business complies with the rules.

 

The value of a pension will be directly linked to the performance of the funds you select and the value can therefore go down as well as up. You may get back less than you invested.
The levels and bases of taxation, and reliefs from taxation, can change at any time. The value of any tax relief depends on individual circumstances.

Pension Reform - your obligations

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Corporate Pensions

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