Find out about the changes to Automatic Enrolment legislation
The minimum amount employers and staff pay into their automatic enrolment pension scheme will soon be increasing
Every UK employer must put certain staff into an auto enrolment pension scheme, under the Pensions Act 2008.
The Chancellor Philip Hammond has scrapped his original plans regarding the proposed increase in Class 4 NIC from April 2018. The increases have breached the Conservative Party manifesto pledges and are therefore non-starters.
From April 2017, the new Lifetime ISA will be launched. It is designed to help those aged between 18 and 40 to save for a new home, or for their retirement.
The introduction of automatic enrolment for workplace pensions is intended to ensure that the majority of employees begin to make proper provision by having a work based pension.