One of TaxTalk’s partners, Foster Denovo has informed us of an important change to the rules concerning the provision of employee pensions by small business owners. It’s a development likely to impact a number of our clients and we can offer a free initial consultation with Foster Denovo to anyone looking for more information
What has changed on pensions?
The government has agreed that all UK businesses, regardless of size, should offer a company pension scheme or enrol their staff into the new National Employment Savings Trust (NEST). This will mean compulsory contributions of up to 3% from the Employer and up to 5% from the Employee.
Leave a Comment July 4, 2011