Govt makes auto-enrolment exception for workers with tax-protected pots

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Eligible jobholders with tax-protected pension savings are no longer required to be automatically enrolled (AE) under government amendments to draft legislation.

Exemptions have also been made for employees who are about to leave the business, or who opted-out of a qualifying scheme within 12 months of the employer re-enrolling their workers. Lawyers have welcomed the changes as a sensible approach to alleviating the burden on employers trying to auto-enrol, and later re-enrol, their staff. People who have already accrued pension savings above the lifetime allowance are only protected from tax charges if they make no further tax-relieved contributions in future, and so risked losing their protection if they failed to opt out in time. The am...

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