Pensions

 

NEWS UPDATE (24 June 2010)

DWP announce changes to state retirement age, click on the link below to take you to the DWP press release.

http://www.dwp.gov.uk/newsroom/press-releases/2010/june-2010/dwp074-240610.shtml

 

 

The Department for Work and Pensions have confirmed the pension reforms planned for 2012 will be phased in much slower than expected.  The reforms, which will auto-enrol staff without a pension into an account, will be introduced gradually and the scheme will not be fully operational until 2016. Smaller Employers will be the last to be affected. The level of contibutions required from employers will also be stage incrementally, starting at 1 per cent before rising to 2% in 2015 and 3% in 2016.

 To view more details from the DWP, click on the link below:

http://www.dwp.gov.uk/docs/wpr-info-staging-phasing.pdf

Phasing In Timetable (issued by DWP)

 

Employer (by PAYE scheme size or other description)

Staging date

120,000 or more

1 Oct 2012

50,000-119,999

1 Nov 2012

30,000-49,999

1 Jan 2013

20,000-29,999

1 Feb 2013

10,000-19,999

1 Mar 2013

6,000-9,999

1 April 2013

4,100-5,999

1 May 2013

4,000-4,099

1 June 2013

3,000-3,999

1 July 2013

2,000-2,999

1 Aug 2013

1,250-1,999

1 Sept 2013

800-1,249

1 Oct 2013

500-799

1 Nov 2013

350-499

1 Jan 2014

250-349

1 Feb 2014

Less than 50 with the last 2 characters in their PAYE reference numbers 92, A1-A9, AA-AZ, B1-B9, BA-BY, M1-M9, MA-MZ, Z1-Z9 or ZA-ZZ

1 Mar 2014

240-249

1 April 2014

150-239

1 May 2014

90-149

1 June 2014

50-89

1 July 2014

Less than 50 with the last 2 characters in their PAYE reference numbers BZ

1 Aug 2014

Less than 50 with the last 2 characters in their PAYE reference numbers 00-01

1 Sept 2014

Less than 50 with the last 2 characters in their PAYE reference numbers 02-04

1 Oct 2014

Less than 50 with the last 2 characters in their PAYE reference numbers 05-07, 0A-0Z, C1-C9, CA-CZ, D1-D9 or DA-DZ

1 Nov 2014

Less than 50 with the last 2 characters in their PAYE reference numbers 08-11, 1A-1Z, E1-E9 or EA-EZ

1 Jan 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 12-15, 2A-2Z, F1-F9, FA-FZ, G1-G9 or GA-GZ

1 Feb 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 16-20, 3A-3Z, H1-H9 or HA-HZ

1 Mar 2015

Less than 50 with the last 2 characters in their PAYE reference numbers I1-I9, IA-IZ

1 April 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 21-25, 4A-4Z, J1-J9 or JA-JZ

1 May 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 26-31, 5A-5Z, K1-K9 or KA-KZ

1 June 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 32-38, 6A-6Z, L1-L9 or LA-LZ

1 July 2015

Less than 50 with the last 2 characters in their PAYE reference numbers N1-N9 or NA-NZ

1 Aug 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 39-47, 7A-7Z, O1-O9, OA-OZ, P1-P9 or PA-PZ

1 Sept 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 48-57, 8A-8Z, Q1-Q9, QA-QZ, R1-R9, RA-RZ, S1-S9, SA-SZ, T1-T9 or TA-TZ

1 Oct 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 58-69, 9A-9Z, U1-U9, UA-UZ, V1-V9, VA-VZ, W1-W9, WA-WZ

1 Nov 2015

Less than 50 with the last 2 characters in their PAYE reference numbers 70-83, X1-X9, XA-XZ, Y1-Y9 or YA-YZ

1 Jan 2016

Less than 50 with the last 2 characters in their PAYE reference numbers 84-91 or 93-99

1 Feb 2016

(a) Less than 50 unless otherwise described or (b) no PAYE scheme

1 Feb 2016

New employer (PAYE income first payable between 1st April 2012 and 31st March 2013)

1 Mar 2016

New employer (PAYE income first payable between 1st April 2013 and 31st Dec 2013)

1 May 2016

New employer (PAYE income first payable between 1st Jan 2014 and 30th Sept 2014)

1 June 2016

New employer (PAYE income first payable between 1st Oct 2014 and 30th June 2015)

1 Aug 2016

New employer (PAYE income first payable between 1st July 2015 and 31st March 2016

1 Sept 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Page last edited: 24 June 2010