Automatic enrolment and ongoing duties – what your clients need to know
Every employer has automatic enrolment duties. They need to assess their staff, enroll them into a workplace pension scheme if they meet certain criteria, write to them to tell them what they’ve done, maintain a payment of pension contributions into their pension scheme and complete and submit a declaration of compliance with The Pensions Regulator. However, an employer’s workplace pension
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Defence Against Money Laundering FAQ
The purpose of the Defence Against Money Laundering (DAML) FAQs The National Crime Agency (NCA) has published the first edition of the Defence Against Money Laundering Frequently Asked Questions (DAML FAQ v1). This product draws together the good practice and interpretations provided by experienced Money Laundering Reporting Officers (MLROs) from across the UK SARs regime. Collaborative answers are provided to the
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Automatic enrolment: The last of the stagers
This summer will see up to 180,000 employers with a staging date reach their deadline for completing their declaration of compliance with The Pensions Regulator. Employers with staging dates of 1 January and 1 February will have deadlines to complete their declaration of compliance by the end of May and the end of June respectively and so by now they
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Financing the purchase of a property abroad
In the following article we focus on the different options open to you if you’re looking to buy an overseas property and are not in a position to make a cash purchase. If you borrow the money at home, but your income is going to be paid in the country where you are buying your new home, you will need
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Update on Automatic Enrolment
More than one million employers have now put around 9.3 million staff on the path to saving for their retirement. The landmark shows how far we have come since the start of automatic enrolment. However we are not complacent and now look to the challenges ahead so the roll out continues to be a success and more people benefit. Next
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Self-study tips
Self-study is a study option which is growing in popularity. It offers learners flexibility as it gives them the opportunity to study at a place of their own choosing, to set the pace at which they study, and is often a cheaper method of study than classroom based or distance learning. Of course, if you should choose self-study you are
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Government Rent-a-Room Scheme
The government Rent-a-Room Scheme is available for owner occupiers and tenants. You can rent out a room in the property you live in and receive income of £7,500 in a tax year free of tax. The limit is based on the property not on the number of rooms you rent out or the number of owner occupiers or tenants. The
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Trust and Company Service Provider Register Q&A
Following the implementation of the Money Laundering Regulations 2017 there is a requirement for the details of all UK businesses that act as Trust and Company Service Providers (TCSPs) to be held on a register. HMRC will be hosting the register for TCSPs supervised by professional bodies, including IAB members, as well as the TCSPs that it supervises. Below is
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Automatic enrolment: April 2018 contributions increases
Article by The Pensions Regulator As you’ll no doubt already be aware, this April will see the start of increased pensions contributions for employers and their staff. The total minimum contribution will rise from 2% to 5% and then to 8% in April next year. Increasing minimum contributions should be a straight forward task for your clients to do but
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