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State pension age continues to rise

22 May 2018

By Shorts News

Do you know when you’ll reach your state pension age? When planning for retirement it’s crucial to know your entitlements. The level of the state pension has become more straightforward in some ways since the introduction of a flat-rate pension in 2016. But figuring out when and exactly what you will receive has become more […]

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Interest Rates

The next stage of automatic enrolment

10 May 2018

By Shorts News

Until now for auto enrolment schemes with contributions based on ‘band earnings’ (also known as qualifying earnings) employer and employee automatic enrolment minimum contributions have totalled 2% of ‘band earnings’, with the employer having to pay at least 1%. From 6 April this year, the minimum contributions rose to 5%, with at least 2% from […]

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Reception sign 2000 x 800

Lifetime allowance increases – at last

03 May 2018

By Shorts News

After reductions to the LTA in recent years, the allowance is now moving in the opposite direction — although £1.03 million remains significantly less than the £1.8 million permitted in 2012. The government has also announced the LTA will rise annually in line with inflation. The increase at the start of the tax year is […]

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Autumn budget

The next steps in automatic enrolment

18 January 2018

By Shorts News

The government has published a review on automatic enrolment in workplace pensions which makes important proposals for employers. Automatic enrolment of employees in workplace pensions has been a greater success than many predicted when it was introduced in October 2012. To date over nine million employees have been automatically enrolled into a workplace pension and […]

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Autumn budget

Auto-enrolment non-compliant employers named and shamed

28 June 2017

By Shorts News

The Pensions Regulator (TPR) has published the names of a number of employers who have not complied with pensions auto-enrolment.

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rising inflation

State pension; not quite what was advertised

15 May 2017

By Shorts News

Most people reaching state pension age today are receiving less than the new state pension.

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Autumn budget

Another increase of State Pension Age

24 April 2017

By Shorts News

An independent review has recommended bringing forward the move to a state pension age of 68.  There was a time when men received their state pension from age 65 and women from age 60. Those numbers may still be locked in your memory, but they are heading towards their own retirement.

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