Government legislates on auto-enrolment changes

clock

The government has published its Pensions Bill today, covering proposed changes to auto-enrolment.

The Bill will implement measures in the Making automatic enrolment work review and the command paper A sustainable State Pension: when the State Pension age will increase to 66. The Bill increases the minimum threshold for auto-enrolment from the planned £5,000 a year to £7,500. It builds on reforms set out in the Pensions Act 2008 and Pensions Act 2007. Other measures in the bill include: • Aligning the earnings threshold for automatic enrolment with the personal allowance for income tax • Introducing an optional waiting period of up to three months before emplo...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

DB pensions industry 'working against' govt finance agenda

DB pensions industry 'working against' govt finance agenda

There is little incentive for schemes not to take risk off the table

Jonathan Stapleton
clock 20 October 2023 • 2 min read
Preparing for October's 'dramatic' pension statement changes

Preparing for October's 'dramatic' pension statement changes

Changes on 1 October set to have major impacts on estimations

Hope William-Smith
clock 10 October 2023 • 2 min read
Pension transfer activity falls to lowest level in over five years

Pension transfer activity falls to lowest level in over five years

Transfer activity now half of that measured this time last year

Jonathan Stapleton
clock 31 August 2023 • 1 min read