The Pensions Act 2008 will introduce major changes to workplace arrangements from October 2012. Robert Woodward considers how to mitigate additional costs using salary-sacrifice arrangements.
The biggest change to pensions in many years will start to be phased in from October 2012. The Pensions Act 2008 will introduce auto-enrolment in an attempt to increase the pension provision for the estimated up to eight million UK employees who do not currently contribute into a private/employer pension scheme and who do not benefit from employer contributions.
Initially only the largest employers (those with over 100 000 employees) will be required to auto-enrol their staff but by 1 February 2016 all current employers regardless of size will be required to auto-enrol their...
