#Automatic #Enrolment The Government has introduced a new law to make it easier for people to save for their retirement. It requires all employers to enrol their workers into a qualifying workplace scheme if they are not already in one. A qualifying scheme can be: 1. A defined contributions scheme with a minimum contribution. 2. A defined benefit or hybrid scheme which meets certain conditions. Many people have not made retirement provision simply because either they don’t know enough about pensions or have not been able to afford contributions to a pension Offering your Employees a pension scheme can help encourage loyalty in your existing staff and make it easier for you to attract new staff in the future. Finding the best solutions for the needs of you and your employees: Whichever route you choose, we can offer you a choice of funds into which the pension contributions can be invested. We will be able to guide you through the options available and help you choose a solution which helps both your business and your employees. The contributions you make to a scheme should all qualify as an allowable business expense which makes them an effective and economical way of enhancing your employment package.
Posted on: Wed, 25 Sep 2013 15:00:01 +0000
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