Pensions scheme rules are changing for small businesses
Your Commercial Manager will be able to talk you through the steps that need to be taken as part of the government’s relatively recent requirement for pension contributions, by which all companies will need to offer and contribute to aworkplace pensions scheme for each of their employees.
Company enrollment in the pensions scheme is automatic, and will take place on a date which is determined by the number of employees in the business. The process has already started with the largest employers having already been brought into the scheme. It is expected that the majority of businesses employing fewer than 30 employees will need to join at some point in 2015 (exact timings still to be confirmed).
It’s not just employees who need pensions though. Our tax specialists will also be able to offer tax advice on how best to gain favourable tax treatment on your personal pension contributions.