19 August 2011

There is a good round up on the Voluntary Action Rotherham website of the changes to the law in regards to workplace pensions. The article includes the changes from 2012, what employers will need to do now and in the future.

Highlights from the article in regards to the change in law are:

• Employers will need to automatically enrol certain workers into a pension scheme, an eligible jobholder is aged between 22 and state pension age and earning above a certain amount (currently £7,475)
• Employers will need to make contributions on their workers' behalf
• Employers will need to register with The Pensions Regulator
• Employers will need to provide workers with certain information about the changes and how they will affect them
• The changes will affect all employers with at least one worker in the UK.

Visit the VAR website to read the full article.

Website: http://www.varotherham.org.uk/payroll-services/payroll-news-services/3736-workplace-pensions-the-law-is-changing