Category Archives: accountants
“The best way forward or the NEST way forward?”
If you are an employer and you have made a decision, there is no liability—that is clear in the legislation. If you have decided to go with NEST rather than NOW: or People’s, there is no liability that can fall … Continue reading
Posted in accountants, auto-enrolment, NEST, now, pensions, Personal Accounts
Tagged Aviva, dc pensions, DWP, Government, Legal and General, NEST, NOW, pension, Pension new, pension playpen, pensions, People's Pension, Richard Harrington, Standard Life, workplace Pensions
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THE RISE OF THE EMPLOYEE – guest blog from Dan Docherty
The huge increase in internet and smartphone usage across the country is rapidly changing the way people want to interact with the businesses that employ them. As they grow more accustomed to inputting their personal data online, employees … Continue reading
Posted in accountants, Payroll, pensions
Tagged Business, online payslip, payslip, pension, phone, Sage, Smartphone, Technology
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The soft underbelly of master trusts
Many master trusts are absolutely rotten – they are not fit for purpose. Lots of advisers are using them as a back door way of bringing in commission, dressed up as high governance charges. The words of Barnett Waddingham’s … Continue reading
Posted in accountants, advice gap, auto-enrolment, pensions, Pensions Regulator
Tagged auto enrolment, charges, DWP, Employment, Financial services, governance, Government, master trust, National Employment Savings Trust, Retirement, soft underbelly, The Pensions Regulator, trust, underbelly
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The Transparency Zeitgeist is upon us
I am a frugal man, the £3.50 I paid for this morning’s FT was grudgingly passed to my newsagent. But I wanted to capture the headline and read about Josephine’s reporting of a meeting with my friends Andy Agethangelou and … Continue reading
Accountex 2016 – are you there?
This is my fourth year going to Accountex. It’s a trade show, not a conference, most people who go are running their own businesses and are looking for ways to run those businesses better. This is in marked contrast to … Continue reading
Posted in accountants, pensions
Tagged #Acountex, Accountex, Accountex16, auto enrolment, Aviva, mydecks, mypaye, pension playpen, pensions
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No value without trust- PPI on “value for money”
Yesterday , the Pensions Policy Institute delivered its “Value for money in DC workplace pensions” paper. The report can be read or downloaded from this link The central thrust of which was that “value ” was undervalued and too much … Continue reading
Posted in accountants, pensions, Pensions Regulator
Tagged Pension Policy Institue, Pensions Policy Institute, PPI, TPR, Value for Money, VFM
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A “tax on a tax” – VAT on auto-enrolment bills
The Government is encouraging us to think of auto-enrolment for micros as an extension of the success story it has been for larger employers. But things are very different for smaller employers – especially when it comes to tax. Many … Continue reading
Posted in accountants, auto-enrolment, DWP, pensions
Tagged autoenrolment, DWP, HMRC, Micro-employer, pensions, Ros Altmann, SME, Tax, VAT
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Top 5 AE myths revealed – top blog from NOW pensions
Thanks to NOW Pensions for this healthy myth-buster – we’ll be spreading the word so no-one gets left behind This year up to 500,000 small firms will have to comply with the new auto enrolment legislation introducing workplace pensions for … Continue reading
Posted in accountants, advice gap, auto-enrolment, now, pensions
Tagged auto enrolment, auto entolment, Morton, mythbuster, no-one gets left bhind, NOW Pensions
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Auto-enrolment limits – what the DWP aren’t saying!
The DWP’s paper on the Earnings Trigger and Qualifying Earnings Bands(QEB) for auto-enrolment next year is very well written and gives an insight into just how much thought is going into managing the conflicting needs of employers, workers, administrators and…HMRC. … Continue reading
Posted in accountants, auto-enrolment, Payroll, pension playpen, pensions, Pensions Regulator, Treasury, welfare, Workie
Tagged auto enrolment, DWP, HMRC, net-pay, pensions, PLSA, relief at source, salary sacrifice, Tax, tax relief, Treasury
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How rivers flow
When you are planning a flood defence system, you look at how your rivers flow in normal times. Then you stress test your topography by filling up the rivers in your model, with too much water, you watch to see … Continue reading