Sentences with phrase «made pension schemes»
This change should, therefore, make this pension scheme more attractive for employees.
https://www.globallegalinsights.com/ Not exact matches
This is not the only source: the savings of workers is used too (for example where pension funds and savings schemes make investments in capitalist production, directly or indirectly).
Most did so from their existing pension scheme provider, which made it an uncompetitive licence to print money.
«On pensions, what's important is that people on low incomes can make more informed decisions on defined contribution schemes.
The FSB recently wrote to the Pensions Minister asking for changes to be made to the scheme.
April 2002's announcement was also opposed by many in the business community as making it harder for them to maintain their already - struggling pension schemes.
«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.»
The pension scheme is in good financial health and there is no need for these changes to be made.
The governor and the legislative leaders, meanwhile, announced an agreement on a budget scheme allowing the state and many local governments — but not New York City — to «borrow» nearly $ 6 billion over the next three years from the state pension system in order to use the funds to make required annual contributions back to the pension fund.
«Lord Hutton's review of public service pensions has never been about making the schemes sustainable or viable.
We have created a new and transparent scheme of business costs and expenses, introduced a less generous pension scheme, where taxpayers contribute less and MPs make a higher contribution, and scrapped large resettlement payments.
The Forum for Public Sector Registered Pension Schemes made up of the 12 public sector labor unions have called off their intended strike which was to begin today [Friday].
You, the council taxpayer, are required to honour promises made to pension scheme members.
The # 54 billion deficit means that pension fund returns are not matching promises made to scheme members.
The agreement finally reached on the local government pension scheme after the government made significant concessions has rather less to do with official generosity than fear about the consequences if the scheme were so eviscerated that hundreds of thousands of local government workers might decide there was no point in continuing to contribute to it since, if they walked away, they would still get the same amount of money in retirement from means - tested income support.
Shadow work and pensions secretary Owen Smith says scheme fails to compensate for cuts made elsewhere
Talk of coordinated union action over pensions may be unachievable therefore, if the government makes concessions to the unions in the local authority scheme, but not to teachers, civil servants or the NHS.
The government's position on food banks was mired in confusion after it emerged that David Cameron had enthusiastically backed their work at a Christian faith group's Easter reception, in contrast to biting criticism of the schemes made last week by Iain Duncan Smith's work and pensions department.
The UK engineering firm also accused the turnaround company of making «misleading» claims about its strategy and pension scheme.
He accused the government of failing to fulfil promises made to cocoa farmers to provide them with incentives such as housing, a pension scheme and feeder roads to cocoa growing communities.
However, over the longer term, a prolonged adverse economic climate may make some employers review their commitment to keeping this form of pension scheme open to new employees.
Another point that was made on how many personal pension schemes, including those of universities, are invested in large corporations.
During what is known as the «joining window», a one month period from the eligible jobholder's automatic enrolment date, the employer must give information to the pension scheme about the eligible jobholder; give enrolment information to the eligible jobholder; make arrangements to achieve active membership for the eligible jobholder, effective from their automatic enrolment date.
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.
In recent years China has made great strides in rolling out nationwide pension and health - care schemes, but the social safety net is far from adequate, and the leadership will have to do much more with much less time.
Again, as per the above calculations, this makes an ISA a better home for his money in the short term before investing in the matched employer pension scheme in a couple of years» time.
A scheme of concern involves causing an asset (with large unrealised capital gains) to form part of a fund's segregated current pension asset pool before the pre-commencement period, and then causing it to revert to accumulation phase during the pre-commencement period by making the choice; the question will then be the purposes for which these steps were undertaken.
If the investors have higher risk appetite then opting for mutual fund pension schemes is the right choice to make.
Most did so from their existing pension scheme provider, which made it an uncompetitive licence to print money.
A scheme that allows you to reduce working hours in the lead - up to retirement without reducing take - home pay, or to continue working full - time and make significant tax savings by salary sacrificing heavily into super and supplementing take - home pay with a super pension.
The campaigners were being told that it was not legally possible to make a rule change retrospectively (for those widows already in receipt of pensions) and that even were it possible this would be resisted by government due to the legal precedent it would set, and the knock - on effect it might have on other public sector schemes.
A confident trustee board is better equipped to make the difficult decisions involved in running a pension scheme.
Generally, an employer's wider group, whether in the UK or otherwise, has no legal obligation to make good the deficit in that employer's UK defined benefits pension scheme.
«Such a scheme not only guarantees those service providers basic pay higher than they would have received were it not for that provision but also, as found by the referring court, enables contributions to be made to pension insurance corresponding to participation in the pension scheme for workers, thereby guaranteeing them the means necessary to be eligible in future for a certain level of pension.»
«For most public sector groups, changes to pension were made according to age — younger members of schemes were required to leave their very beneficial schemes and instead offered membership of less valuable schemes whilst older scheme members were allowed to remain in their very beneficial schemes.
One of the requirements of a qualifying pension scheme is that no new joiner may be asked to make a choice or provide any information in order to join the scheme as an active member.
A suggestion was made that the Government ought to have been sufficiently informed about the inability of the company to fund its pension scheme and prevent further contacts from being awarded.
Those who make this choice will still have access to the government's Nest pension scheme.
Auto - enrolment was introduced partly to make it easier for employees to join a work place pension scheme and partly to make pensions more financially attractive by making it compulsory for employers to pay into eligible workers» pension schemes.
If an opportunity proves to be a pension scam, tax charges apply to both the individual and to the pension scheme that made the payment.
The case is another example of the «rules lottery» which schemes find themselves subject to when it comes to pension increase wording, with the peculiarities of the scheme's particular wording dictating whether or not such a change can be made.
During the campaign to protect the existing DB arrangement, unions mentioned the profits the drinks company was making and how these compared with the pension scheme.
representing the trustees of an employer's pension scheme regarding errors made in the pension deeds and claims against the solicitors who advised the on the scheme
HMRC said: «This change is being made because there have been developments in the provision of pension scheme information since we first started the changes to end contracting - out.»
Ginevra provided comprehensive and clear advice to the directors in a timely manner in relation to the company's pension scheme, which enabled the company to make and implement key decisions.
Agco Ltd v Kellaway [2007] EWHC 33543 (Ch): this case concerned a private sector pension scheme that provided preferential terms to individuals who retired from service at the request of the employer, the issue being whether an employee who was made compulsorily redundant was entitled to such terms.
HMRC's Pensions Tax Manual says that a member may make a contribution by creating a monetary obligation of a specified amount from the member to the scheme and then having a separate agreement to pay an asset across to the scheme in satisfaction of the debt.
It is possible for an individual to forgo the S2P payment from the state, in lieu of a payment made to an appropriate pension scheme of their choice, during their working life.
Exemptions towards investments made in the Central Government Pension Schemes.
The tax at withdrawal stands in the way of making NPS the best pension scheme.