In the midst of juggling various assignments and clients, it can be easy to overlook the importance of #pension planning. In this blog, we want to mark #PensionAwarenessWeek by sharing valuable insights into how pensions work under an #umbrellacompany and why it’s so important to save for your future: https://loom.ly/-A7FTaA Mint Umbrella is Professional Passport approved and strives to provide a service that makes busy contractor lives that little bit easier. Get in touch via 0203 967 6846 today to learn more about working with us! #umbrellaprovider #PAD23 #umbrellacontractor #payrollservices
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If you’re an employer in the UK and hiring staff, it’s crucial to meet your legal obligations regarding workplace pensions. 💼🔍 We've put together an article that will walk you through this essential process. From understanding your duties to avoiding the consequences of missing deadlines, we've got you covered. 📋🚀 #UKEmployers #ComplianceMatters
Understanding the Pension Declaration of Compliance - Husky Finance
huskyfinance.com
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Are you new to employing people? Do you know about the on-going duties for work place pensions. There are a few things you need to do when it comes to Workplace pensions and re-enrolment. Once your scheme is set up you have a list of on-going tasks. Find out more here: https://lnkd.in/eY2zJ4Qr #outsourcepayroll #payrollsupport #employingpeople
Re-Enrolment and On-going Duties for Workplace Pensions - EA Assist
https://ea-assist.co.uk
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'More than two-thirds (69%) of employees do not want to choose their workplace pension provider and would rather their employer make the choice, according to new research from the Pensions and Lifetime Savings Association (PLSA).' Probably best, as long as the employer receives the right advice. Aspira can help. #autoenrolment #workplacepension #pensionplanning
69% of employees do not want to choose workplace pension provider
https://employeebenefits.co.uk
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➡️Key update for employers - changes to automatic pension enrolment: The Pensions (Extension of Automatic Enrolment) Act 2023, recently passed by Parliament, is set to bring about some substantial alterations. Here's a breakdown of the key points: 🔵 Lowered Age Threshold: The age at which employees are automatically enrolled in pension schemes is set to decrease from 22 to 18 years old. This means that a broader section of your workforce will now be eligible for automatic enrollment. 🔵 Elimination of Earnings Limit: The previously mandated minimum earnings threshold, which required employees to earn at least £192 per week or £833 per month for automatic enrollment, will be removed. This will make pension enrollment more accessible to a wider range of employees. Read our full article and guidance on the changes here: https://lnkd.in/ebTeuUJh #pensions #payrollsupport
Changes to pension automatic enrolment
https://www.hrsolutions-uk.com
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Check out EA Assist's guide on re-enrolment for workplace pensions. As employers, navigating the complexities of pension schemes can be daunting, especially when it comes to re-enrolling eligible employees. In this blog post, we break down the re-enrolment process, offering practical tips and guidance to ensure compliance with pension regulations and seamless implementation for your workforce. ✍️Let us help you to fulfill your pension duties with confidence and ease. 👉https://lnkd.in/eY2zJ4Qr
Re-Enrolment and On-going Duties for Workplace Pensions - EA Assist
https://ea-assist.co.uk
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It is National Pension Awareness Week! 🤑 This week is about educating ourselves and our employees on the benefits of having a pension and understanding why it is so important to save for later in life 💰 Read the article below for tips on how to help your employees engage with their pensions 🔽 https://lnkd.in/ehP7m_Vq #pension #finance #nationalpensionawarenessweek #financialadvice
5 steps to help employees engage with their Pensions - HR News
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As the rules around the proposed Auto Enrolment scheme are being clarified, questions are being raised about the lack of flexibility that employees' will have. Because of this, we are finding that a lot of employers that we meet with are considering offering an alternative structure that may be more beneficial and adaptable to their employees needs. If you need advice on pensions or setting up a scheme for your company, give us a call on 0818 60 65 70 https://lnkd.in/eHnaDYZj
Irish Life criticises new auto-enrolment pension plan and says it won’t help women
independent.ie
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The focus on Auto Enrolment is intensifying, signaling a pivotal shift in the landscape of workplace pensions. Whether you're an employee wondering how this affects your future savings, or an employer contemplating the implications for your business, understanding Auto Enrolment is now more crucial than ever. Contact us at Alpha Wealth to explore how Auto Enrolment impacts you and uncover the advantages of proactive participation. Stay ahead of the curve and ensure you're fully prepared for the changes Auto Enrolment brings. #pensions #autoenrolment #businessowner
Concern over lack of awareness of new auto-enrolment pension plans
independent.ie
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Last month the Chancellor announced intentions to reform workplace pensions by introducing a ‘Pot for Life’. This article from Cushon discusses what these plans might mean for employers and the future of workplace pensions: https://lnkd.in/eSCjQPXt #pensions #potforlife #savingforretirement #employeebenefits #financialresilience #savings
Why a Pot for Life could mean a new dawn for pension saving
reba.global
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New group comprised of government and pension industry representatives to look at helping savers track their pensions. Deferred small pots are small pension pots left inactive, often from a previous job, and typically contain small amounts of money. The successful introduction of Automatic Enrolment in 2012 brought millions of workers into workplace pension saving, often for the first time. In 2022 for example, employees across the UK saved £116 billion into their pensions - a real-terms increase of £29 billion compared to 2012. However, with this has come rapid growth in the number of deferred small pots. #Pensions
Efforts to tackle small pension pots step up a gear
gov.uk
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