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Discussion Zone
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Next Meeting: 02/03/10 |
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| Additional Paternity Leave and Pay |
| 04/02/2010 |
| A Commencement Order (SI 2010/128) has been laid bringing into force on 6 April 2010 certain provisions of the Work and Families Act 2006 concerning additional paternity leave and pay. Several sets of draft regulations made under this primary legislation have also been laid, in particular ... more |
| New amendments to pensions tax law and guidance |
| 03/02/2010 |
| Several modifications to the pensions tax regime are in the pipeline. Finally, HMRC has issued a re-draft of The Pension Schemes (Transfers, Reorganisations and Winding Up) (Transitional Provisions) (Amendment) Order 2010 (after three trips to their solicitors for revision). It was first published for consultation in ... more |
| Financial Assistance Scheme update |
| 29/01/2010 |
| The draft Financial Assistance Scheme (Miscellaneous Amendments) Regulations 2010, which were laid before Parliament on 20 January (but not published on the OPSI website until the 26th), include provision for the assets remaining in relevant FAS-qualifying schemes to transfer to government. Publication follows a consultation ... more |
| National Employment Savings Trust (NEST): first twigs laid |
| 14/01/2010 |
| At the same time as the new regulations concerning auto-enrolment (see article below) appeared this week, the Government published the first legislation referring to NEST, the future name of what has up to now been known as Personal Accounts. The Pensions Act 2008 (Commencement No. 5) Order 2010 (SI 2010/10) brings into force ... more |
| Auto-enrolment: the final picture? |
| 13/01/2010 |
| Yesterday the DWP published the outcome of last autumn's consultation on auto-enrolment, "Workplace Pension Reform: Completing the Picture". The 76-page official Government response, while shorter than the condoc itself (which ran to 218 pages), accepts that the original proposals were ... more |
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| Aries has become the preferred tool for pension providers, administrators and advisers who have to make sense of the UK regulatory regime ... more |
| HMRC Pension Schemes Newsletter 39 |
| 13/01/2010 |
| Newsletter 39, which appeared this week on HMRC's website although dated 29 December, briefly publicises the PBR (9 December 2009) changes to the anti-forestalling regime. It also mentions the ... more |
| Pension Protection Fund news |
| 12/01/2010 |
| Yesterday The Occupational Pension Schemes (Levy Ceiling – Earnings Percentage Increase) Order 2010 was laid before Parliament and is to come into force on 3 February. This Order specifies that, for the purposes of s.178(3)(a) PA 2004, the earnings percentage for ... more |
| Personal Accounts Scheme rebranded NEST |
| 07/01/2010 |
| The Personal Accounts Delivery Authority (PADA) announced today that National Employment Savings Trust (NEST) will be the permanent name of the new national workplace pension scheme known up to now as the personal accounts scheme. NEST will be a national workplace pension scheme designed specifically for ... more |
| Penalties for failure to make tax payments on time |
| 06/01/2010 |
| The Treasury has published a draft Order (The Finance Act 2009, Schedule 56 (Appointed Day and Consequential Provisions) Order 2010 appointing 6 April 2010 as the day on which the penalty regime for failure to make income tax payments, set out in Sch 56 FA 2009 comes into force ... more |
| Disclosure Disclosure |
| 06/01/2010 |
| The Government response to the DWP's March 2009 consultation review of disclosure has finally appeared this week. The new publication includes a consultation on ... more |
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RPI for Dec 2009: 218.0 RPI Table |
| NAE for Nov 2009: 135.4 (provisional) NAE Table |
| Standard Lifetime Allowance for 2010 - 2011: £1,800,000 Table |
| Annual Allowance for 2010 - 2011: £255,000 Table |
| Earnings cap for 2010 - 2011: £123,600 Table |
| LEL for 2010 - 2011: £5,044 p.a. UEL for 2010 - 2011: £43,875 p.a. Table |
| LPI from Jan 2010: 0.0% LPI Table |
| Increase to post-1988 GMPs in payment for 2009/ 2010: 3% Table |
| Basic State Pension for 2010 - 2011: Single £5,077.80 p.a. Married £8,119.80 p.a. BSRP Table |
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