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Posts Tagged ‘Pension Benefits’

Smaller UK employers will be hit by compulsory pension plans

Tuesday, July 26th, 2011

Plans to begin implementing auto-enrolment pension schemes in 2012 will hamper the ability of smaller firms to run their businesses, it has been claimed. A new survey from the Institute of Directors (IoD) found that over a half of the businesses polled (57 per cent) thought that the administrative burden imposed by the rules will be high or very high.

The auto-enrolment programme, which will begin its phased introduction in October 2012, means that, over time, employers must include staff in occupational pension schemes, although workers will be granted the opportunity to opt out if they so choose. (more…)

Tags: Pension Benefits, Pension contributions, SME
Posted in Australia, Canada, France, New Zealand, UK accounting, USA | Comments Off

Pension fund reminder

Thursday, March 11th, 2010

A quick reminder that as from 6 April this year the age at which you can draw on a personal retirement fund rises from 50 to 55. (more…)

Tags: Pension Benefits, Pension contributions, Personal tax return, Regulations, Retirement
Posted in UK accounting | Comments Off

Extracting profits from a company

Thursday, January 28th, 2010

Whether you are considering extraction of profits from a company on a tax year basis or aligned to the company year end, there are a number of issues that should be considered. (more…)

Tags: Dividends, National Insurance Contributions, Payroll, Pension Benefits, Pension contributions, tax planning
Posted in UK accounting | 1 Comment »

The numbers game

Monday, January 11th, 2010

The amounts of income you might wish to consider switching will vary according to your personal circumstances. Here are the basic rules:  (more…)

Tags: Income tax allowances, Pension Benefits, Pensions, Personal allowances
Posted in UK accounting | Comments Off

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