Sentences with phrase «into pension scheme»

The Regulator can, in certain circumstances, demand payments from directors and shareholders into a pension scheme — if the deal has materially damaged the trustee's position as a creditor, the Regulator may have grounds for doing that.

PPF has continued to block the terms of a Company Voluntary Arrangement proposed by Toys R Us and demanded # 9m to be injected into their pension scheme.

Basically, employers are obliged to automatically enrol their eligible jobholders into a pension scheme from their relevant staging date.

They explained the difficult position faced by trustees who are generally powerless to force a company to pay money into a pension scheme - unlike The Pensions Regulator...

They explained the difficult position faced by trustees who are generally powerless to force a company to pay money into a pension scheme — unlike The Pensions Regulator.

Once enrolled, the employer will be obliged to pay mandatory minimum contributions into the pension scheme or, when dealing with a final salary scheme, offer a minimum level of benefits.

The pensions landscape will be unrecognisable following the introduction of new legislation from October 2012 which will require employers to automatically enrol eligible jobholders into a pension scheme.

The company voluntary agreement (CVA) will see the toy retailer's pension deficit recovery plan reduced from 15 years to ten years, with # 3.8 m injected into the pension scheme in 2018 and a further # 6m promised over 2019 and 2020.

We will automatically enter employees into a pension scheme which is currently 1 % contribution by Great Rail Journeys and 1 % contribution by the employee.

Payments into a pension scheme will be taken automatically from your pay, if you pay into a pension scheme which is arranged by your employer.

I have the option of taking the money and paying tax on it (at 40 %), or transferring it into another pension scheme.

Under normal circumstances, this salary would be subject to National Insurance, even if it is then paid by the worker into a pension scheme.

When I moved to the UK and started paying tax and National Insurance and into a pension scheme and started saving for a deposit on a flat, I was told my right to live, work and grow old here was for keeps.

Hurdle for rescue restructure as ailing retailer bids to secure the support of PPFHouse of Fraser's rescue restructuring faces a significant hurdle after it emerged that the department store chain may have to fund a multimillion - pound injection into its pension scheme.

All of your employees who meet these criteria need to be entered into your pension scheme, under a system known as automatic enrollment.

Unison warned it would fiercely oppose any effort scrap the rule, saying the EU law does not come into force until October next year, and arguing that the change would penalise workers who have paid into their pensions schemes for years in good faith.

«Workers won't be paying more into the pension schemes, they will be paying more into the Treasury's coffers.

«More money is likely to pour into pension schemes, especially in years coming up to retirement.

They also admit that money cut from pensions will go to the Treasury to help pay off the deficit, not into pension schemes, which the union says amounts to a tax on working in the public sector.

LLP members may need to be automatically enrolled into pension schemes as a result of the Supreme Court's recent decision on whistleblowing.

However, the PPF provides a significant measure of security for pension scheme members who have often saved for much or all of their working lives into their pension schemes.

Not exact matches

You'll need to pay these into your staff pension scheme by the 22nd day (19th if you pay by cheque) of the next month.

Other measures include tougher action to halt the transfer of money from occupational pension schemes into fraudulent ones

The influx into Defined Contribution schemes through auto - enrolment, together with the new pension freedoms, means that managers are now more visible than ever in the pensions market.

His influence even stretches beyond White Hart Lane: London's Mayor Boris Johnson has named King one of his own youth ambassadors for the capital, while Iain Duncan Smith, the work and pensions secretary, has deployed the former Tottenham skipper on a scheme to encourage young black and ethnic minority men back into employment.

It is already affecting staff currently paying into career average schemes whose pension pots are revalued annually and will be smaller when they retire.

He's seeking a third way, of sorts: looking beyond the classic dichotomy of the gold standard final - salary pension schemes offered by some of the bigger employers, and the more miserable defined contribution schemes where a percentage of the salary is simply put into the pot.

Thanks to the same figures which mean improving macroeconomic fundamentals, we have been able to transfer some GH cents 3.1 billion of Tier 2 pension funds into the custodial accounts of the pension schemes of the labour unions, funds that have been outstanding for six years, and about which the labour unions had been loudly complaining.

It's unclear whether he regrets this decision now that Green is facing calls to repay # 400 million in BHS dividends following the collapse of the high street retailer into administration — leaving 11,000 jobs at risk and forcing the state to bailout the company's pension scheme.

He continued, «Thanks to the same figures which mean improving macroeconomic fundamentals, we have been able to transfer some GH cents 3.1 billion of Tier 2 pension funds into the custodial accounts of the pension schemes of the labour unions, funds that have been outstanding for six years, and about which the labour unions had been loudly complaining.»

Plans intended to lift pick - up rates for funded alternatives hardly reach those at risk of pension poverty, as they often can't afford to pay into such schemes and their employers are disproportionately likely to opt out.

«As I researched the idea of promoting savings in our sector, the idea of credit union came into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical bills or to even solve other financial problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of monies».

SSNIT also believes the 18 % increase is realistic as this will help sustain the fund into the future and enable the scheme to increase and pay the pensions of pensioners every year.

«This is to prevent people benefiting from tax relief in relation to contributions made into self - directed pension schemes for the purpose of funding purchases of holiday or second homes and other prohibited assets for their or their family's personal use.»

Similarly, the amount state and local governments will have to pay into the state's main pension fund for other public employees would double to nearly $ 4 billion — even if most localities opt into a borrowing scheme approved this year by lawmakers to soften the blow.

But the Conservatives claimed the government was planning to «snatch» Royal Mail's pension funds assets and assume its liability, effectively converting the pension scheme from a funded scheme into a pay - as - you - go scheme.

The Armed Forces Compensation Scheme (AFCS) came into force in 2005, replacing the war pension scheme relevant parts of a 1975 armed forces pension scheme.

The government was wrong to completely reject the Parliamentary Ombudsman's report into a collapsed pension scheme, the High Court ruled today.

Over the course of the year Marcie will need to put in # 170.04 to her pension if she is in a «net pay» scheme, whereas she would only need to put in # 136.03 if she was in a «relief at source» scheme — the rest will be paid into her pension pot by the Government as tax relief.

Government has commenced the payment of the tier two pension contributions of public sector workers into their registered schemes.

Looking at various other reforms which have been suggested, people are happy with a new opt - out pension scheme — i.e. a national pension scheme to which everyone in work automatically pays into, unless they specifically chose not to.

The local government pension scheme is split into over 80 different funds, with 1.7 million workers paying for four million total members.

In addition, the government intends to publicise a little - used scheme that allows people who decided to take their second state pension to a private provider, but who subsequently face losing out, to get back into the state system for less money.

But transferring into a new private pension scheme could leave them with just # 11,403 a year in retirement.

Iain Duncan Smith, the Work and Pensions Secretary, has faced criticism after scaling back a pilot scheme for his flagship universal credit - which will merge dozens of different out - of - work benefits into a single payment with the aim of ensuring an individual is always better off in work than on benefit.

At the most extreme the Liberal Democrats want to close all the public pension schemes to new entrants, which would push them into a protracted crisis, reducing income without decreasing liability.

A scheme that allows people to pay more into their pension during the final year of their working life, may also be scrapped, as will «other allowances.

Once enrolled into an automatic enrolment pension scheme, an eligible jobholder can decide to opt - out of the pension scheme.

Timeline of duties The minimum contribution rates that an employer must pay into their worker's pension scheme will be introduced gradually.

DC schemes are pension saving schemes where a pre ‑ determined amount of contributions are made into a savings pot, which is invested on behalf of the member.