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

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...