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Yorkshire family brewery taps into new export opportunities with Government guarantee
UKEF support helps Wold Top brewery to expand its exports into new markets.
Bond Support Scheme
Find out about the Bond Support Scheme - how it works, its benefits and how to apply.
UK and African business leaders arrive in Togo to create trade and investment deals
The event brings together delegations from ten African nations alongside leading UK companies and investors to advance partnerships that promote economic growth and jobs.
Countering sanctions evasion: guidance for freight and shipping
For freight forwarders, carriers, hauliers, customs intermediaries, postal and express operators, and other companies facilitating the movement of goods.
Company Pension Schemes
UK Company Pension rules have been in the news for the past few years, particularly that the UK population are not making sufficient financial provision for their retirement and with longer life spans many people run the risk of not being able to live comfortably when they retire. The Government have taken steps to ensure that employees are members of a pension scheme and do not solely rely on state pensions.
The Pensions Act 2008 requires all employers to set up and contribute to a workplace pension scheme for anyone they directly employ. This legislation applies to any employer who has one or more members of staff. This is called “Automatic Enrolment”.
Companies must have a pension scheme in place once their “automatic staging date” has been reached. The automatic staging date for companies was set in 2012 and the larger employers were required to have pension arrangements in place at an earlier date than smaller employers.
There are different pension schemes and providers that a company can choose from and care must be taken when selecting the scheme. However, whichever scheme is selected it must satisfy the Pensions Act requirements.