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first_img KCS-content AUTO-ENROLMENT Show Comments ▼ Wednesday 27 October 2010 8:46 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Q.HOW MUCH DOES SOMEONE HAVE TO EARN TO BE ENROLED?A.The earnings threshold for auto-enrolment into the National Employment Savings Trust (NEST) will be the same as the income tax threshold, currently £7,475 (much higher than the £5,035 level mooted by the last government). But Peter Woods, pensions partner at PwC, points out the coalition government has said it wants to raise the income tax threshold closer to £10,000 by the end of the parliament. That’s good for smaller employers: by the time they have to adhere to the new rules, the threshold will be much higher, meaning lots of part-time staff will not be auto-enroled into NEST. Q.WHEN DO EMPLOYERS HAVE TO ADHERE TO THE NEW RULES?A.The largest employers, such as Tesco and Royal Mail, will start auto-enrolling staff from October 2012. Other employers will then have to comply in stages, until the smallest (e.g. market stalls with one employee) auto-enrol staff by 2016.Q.HOW MUCH WILL EMPLOYERS AND EMPLOYEES CONTRIBUTE?A.Eventually, employers will have to contribute three per cent of earnings over £5,000, while employees must contribute five per cent of earnings (one per cent of this will be refunded via tax relief). Q.WHAT ABOUT EMPLOYERS THAT ALREADY HAVE A SCHEME?A.Employers that already have a scheme will have to show that it is broadly as good as NEST. But they will not have to show that it is exactly the same: employer contributions could be five per cent of base pay, rather than three per cent of earnings, for example. center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Share whatsapp Tags: NULLlast_img read more