The Pensions Act 2008 outlines provision for forthcoming changes in 2012.

Few employers realise that in April 2012 all employees not currently in a pension scheme must auto-enrol in a scheme provided by the company for which they work. At this point both the employee and the employer must make mandatory payments into the scheme. However, once auto-enrolled, the employee can then withdraw from the scheme, only to be re-enrolled again three years later.

Companies without qualifying schemes must use a new vehicle, known as a Personal Account. Existing schemes must also comply with the new legislation.

Solicitors, accountants and HR departments are all asking for details of the new arrangements, and we have a prepared one hour seminar to cover the basics. Of course we can also provide the necessary independent financial advice through a chosen company if preferred, in which case it is likely that they will meet our fees.

For further details please call Paul Dean on 07725 406684, or use our Contact Form.