Larger employers subject to new pensions duties
The first staging date is 1 October for larger employers (those employing 120,000+) to comply with their new pensions duties. They have to:
- Auto-enrol eligible jobholders into a qualifying pension scheme and make contributions into the scheme;
- Enrol non-eligible jobholders who opt-in, and make contributions
intothe scheme; and
- Allow entitled workers to join a registered pension scheme.
National Minimum Wage
The annual increase in national minimum wage rates takes effect from 1 October 2012. The Government has confirmed that the adult rate will rise to £6.19. The rate for 16-17-year-olds will remain unchanged at £3.68 and for 18-20-year-olds will remain unchanged at £4.98.
If you would like more information on these changes, or any other aspect of HR or employment law, please Contact us