Staff Pensions

Since October 2001, a business with five or more employees is required by law to provide access to a stakeholder pension scheme, unless it is exempt.

In 2011 the government are proposing a "national pension savings scheme". This will mean that all employees will automatically be enrolled. As an employer you will be responsible for paying a contribution of 3% and the employee 4% with 1% tax relief.

If you require advice in this area, please feel free to contact us. We advise that practice Principals consider the impact of these proposals now and take the first steps towards a suitable solution now.

Practice Financial Management Limited is authorised and regulated by the Financial Services Authority. For more details please refer to About PFM / Regulations.