The government will pay out £21bn in income tax relief for pension contributions this tax year, while national insurance relief payments will rise to £18.7bn, according to statistics from HM Revenue and Customs (HMRC).
Workplace pensions, childcare and cycle to work schemes have been left out of plans to reform salary sacrifice, according to a recently published HMRC consultation.
Royal Bank of Scotland (RBS) has resumed talks with unions over national insurance (NI) contribution costs being passed onto its 27,000 defined benefit (DB) scheme members.
The lifetime ISA (LISA) is a "better solution" to cover those left out by auto-enrolment (AE) such as the self-employed according to Tom McPhail.
The Chancellor's lifetime ISA (LISA) threatens to obstruct pension saving down the income scale according to Association of Consulting Actuaries chairman David Fairs.
Most of the industry believes employers are unlikely to absorb the increase in national insurance contributions, according to PP research.
Royal London has come up with a plan to boost pensions coverage for the self-employed. PP looks at the details
DB is to become more costly under reforms to NI contributions. PP looks at the options for sponsors.
The biggest stories this week were backlash over Bentley's plans to pass NI costs onto DB members, Rothesay Life buying two-thirds of Aegon's bulk annuity book, and speculation over the future of the British Steel scheme.
Bentley Motors has been criticised over plans to pass £1.4m of national insurance (NI) costs onto the 1,300 members of its defined benefit (DB) pension scheme.
The UK should establish a workplace ISA to reinforce auto-enrolment (AE) and avoid high-opt rates according to Centre for Policy Studies research fellow Michael Johnson.
This week we want to know if the Pension Commission's predictions have been delivered ten years since its final report, and whether auto-escalation contributions should be increased further.
Royal Bank of Scotland (RBS) has received backlash over plans to pass £18m of national insurance (NI) costs onto its 27,000 defined benefit (DB) scheme members.
Budget documents reveal the government is mulling a clampdown on the range of benefits available under salary sacrifice arrangements, writes Kristian Brunt-Seymour.
The industry will need to scrutinise Budget announcements on national insurance contributions (NIC) for employers closely, the Pensions Policy Institute (PPI) warns.
Merchant Navy Officers Pension Fund (MNOPF) will close its defined benefit (DB) scheme to future accrual and instead introduce a 30% defined contribution (DC) rate for members.
Pension freedoms are in fashion however, there are also other important administrative tasks that should not be forgotten says Michael Klimes.
A worrying number of defined benefit (DB) scheme sponsors appear under-prepared for the end of contracting out says Hymans Robertson.
Conservative Party chiefs are considering making a manifesto pledge to merge income tax and national insurance. Is this a good idea or not? PP looks at the pros and cons…
The Conservatives are said to be planning to merge national insurance into income tax in a major shake-up of the current tax system.
A scheme allowing pensioners to top up their flat-rate state pension through voluntary National Insurance contributions (NICs) is expected to raise £850m over two years.
HM Revenue and Customs has announced measures to help defined benefit (DB) schemes handle the administration associated with the abolition of contracting out.
The Office of Tax Simplification (OTS) has suggested a "pragmatic" cut to National Insurance Contribution (NICs) rates.
The Office of Tax Simplification has suggested more than 20 measures which it believes could substantially simplify the taxation and administration of employee benefits and expenses.