News

Salary Sacrifice and Auto-Enrolment

Thursday, July 19, 2012

HMRC has updated its guidance to confirm that salary sacrifice arrangements can meet auto-enrolment requirements.

Previously, there were concerns that salary sacrifice arrangements generally prevented employees from reverting to their higher salary within a minimum period (often 12 months) or in the absence of specified lifestyle changes, and were therefore not compatible with the statutory right to opt out of auto enrolment.

In this section

The training session was very good – pitched just right in terms of our knowledge levels.

Trustee - Pension Scheme

Current News

Cohabitee wins right to pension

The Supreme Court has ruled that a nomination requirement relating to the payment of a survivor’s pension under a public sector pension scheme discriminated against cohabiting unmarried couples and should be disapplied.

Reversing Trustee Decisions

Trustees have on occasion relied on the “Hastings Bass” rule to unwind decisions that subsequently transpire to have unintended consequences. The scope to do so has been narrowed by the recent Supreme Court judgments in the jointly heard cases of Futter and another v HMRC and Pitt and another v HMRC.

EU Solvency Rules dropped

The European Commission has announced that it is dropping its plans for a new funding regime for pension schemes.

Pensions for Mortgages

Nick Clegg announces a new government idea to allow parents to use their pensions to help children onto the property ladder.