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The Pensions Regulator (TPR) has begun carrying out employer spot checks to make sure employers are complying with their automatic enrolment duties and that they are giving their staff the workplace pensions they’re entitled to. According to the TPR these inspections help them to understand any challenges employers are facing, and whether TPR need to make any changes to their g ...

The government are offering compensation to those who have been affected by problems with the implementation of Tax-Free Childcare. Individuals who have been affected may be able to get a government top-up as a one-off payment for Tax-Free Childcare. The government will also consider refunding any reasonable costs directly caused by the service not working as it should, mistak ...

Tax

If you are thinking of doing something with your Pension pot, read these five tips from The Pensions Regulator first to protect yourself from scammers: Five tips to protect yourself from scammers. Alternatively, please contact the team at Ward Williams Financial Services Ltd on 01932 830664 or by email on wwfs@wardwilliams.co.uk for further assistance. ...

Under pensions auto enrolment employers have to enroll qualifying employees into a workplace pension. Duties include paying contributions for the employee. The process of auto enrolment has been phased in from October 2012 when the largest employers had to comply with the rules. However the rules are set to change and new employers will have to comply with their automatic enrol ...

The Pensions Regulator (TPR) has confirmed than eight million employees have signed up for a workplace pension since the launch of automatic enrolment. The introduction of automatic enrolment was expected to lead to around eight million workers saving more for their retirement and this milestone has already been reached with hundreds of thousands more employers still to enrol ...

The controversial Brexit vote took place on 23 June 2016. One year on from the historical referendum, what has changed? Since last June, the pound has fallen by about 15% against the US dollar and by about 13% against the euro. Sterling’s weakness has provided a boost for larger UK companies, whose overseas profits have been enhanced when translated back into sterling, and thi ...

The latest Compliance and Enforcement Bulletin from the Pensions Regulator (TPR)  makes interesting reading as it sets out cases and the powers TPR have used relating to automatic enrolment and associated employer duties. TPR are warning employers that ignoring TPR penalties could seriously damage a business’ reputation. TPR are maintaining a tough approach towards those empl ...

Tax-Free Childcare, the new government scheme to help working parents with the cost of childcare launched at the end of April and is being rolled out to parents, starting with those parents with the youngest children first. For every £8 a parent pays in, the government will pay in an extra £2. Parents can receive up to £2,000 per child, per year, towards their childcare costs ...

Tax

Although retirement may seem like something that might happen in the distant future, it is important to plan ahead. Time is your most valuable weapon. Building sufficient assets to fund your retirement will take a long time and it's worth getting into the savings habit as early as possible. Even putting away a small amount on a regular basis can make a real difference over the ...

Savers aged between 18 and 40 can open a new Lifetime ISA (“LISA”) from April 2017. LISAs are, according to HM Treasury, designed to help young people to save “simultaneously… for a first home and for their retirement, without having to choose one over the other”. Up to £4,000 can be saved into a LISA each year by savers between the ages of 18 and 50, and LISA savers will recei ...

ISA