Automatic Enrolment: 170,000 more workers to be excluded

Auto EnrolmentChanges to the threshold when workers have to be automatically enrolled will exclude an additional 170,000 workers, the majority of whom are women, according to the Trades Union Congress (TUC). Over the next few years, the process of Automatic Enrolment will see all workers over the age of 22, who earn more than a set threshold, automatically enrolled into a pension. The threshold is linked to the Personal Allowance, £9,440 for the 2013/14 tax-year, but set to rise to £10,000 from 6th April 2014....

Automatic Enrolment: A headache looms for businesses in 2014

Auto EnrolmentMany large businesses have successfully automatically enrolled their staff into pensions during the past year, but new figures reveal small and medium size businesses could find the going far harder in 2014. Research from the Chartered Institute of Personnel and Development (CIPD), shows that many small and medium sized businesses, who will have to comply with the new rules next year, could struggle. The main concerns seem to be over the cost of compliance, as well as the contributions ...

Autumn Statement 2013: Winners & Losers

Autumn Statement 2013: Winners and Losers Today’s Autumn Statement included a wide range of measures, announcements and new policies, from changes to the State Pension and Income Tax, to school dinners and overseas property owners. But how will they affect you? Were you a winner or a loser? Read on to find out. Winners Lower earnersSmile face icon_istock George Osborne confirmed that the personal allowance, the amount you can earn before starting to pay tax, will rise to £10,000 from April 2014, ...

Autumn Statement 2012: The headlines

George Osborne 150pxToday’s Autumn Statement by Chancellor. George Osborne, had the distinct feel of a full on Budget, with wide ranging measures that will affect pension savers, business owners, employees, and pensioners. Despite admitting that he will miss one of the key targets he’d previously set, the Chancellor began his Autumn Statement in a bullish fashion, saying: “Our economy is healing”, “Britain is on the right track” and “Turning back now would be a disaster.”...