Blog posts filed under 'Pensions'

What we do…

Small Business Payroll, Auto-Enrolment and Bookkeeping Services

At iQBusinessSolutions, our speciality is taking away the headaches out of Payroll, Bookkeeping & Management Accounts; as well as keeping your business up to date with new legislation such as Workplace Pensions and Auto-Enrolment; saving you time and money on costly accountants and consultants

It’s what we do….

We can keep your business covered from new legislations, provide all your payroll services, give Real Time Information (RTI) to HMRC and administer your Workplace Pensions; all under our umbrella

At iQBusinessSolutions , we’re all about saving small to medium sized businesses time and money by freeing you up from the essential ‘back office work’ that takes you away from doing what you do best… because even on the best of days, running your own business can be stressful and expensive

So, if you’re a small to medium sized business then we can help. Take the stress out of running your business, call iQBusinessSolutions today for a free, no obligation quote or chat on 01652 678 147 to see how we can help your business.

Employers of carers or nannies may have to pay pensions

Up to 100,000 people who employ personal carers are being warned that they may now be legally liable to pay them pension contributions. From 1 June, small businesses employing up to 30 staff will gradually be obliged to offer their staff pensions, under the auto-enrolment programme.

That includes people who only employ one person, such as a carer or a nanny. The Pensions Regulator, which oversees the programme, says those who do not comply could receive a fine of £400.

However, it says it is working with 200 support organisations to make sure people get proper advice. Under auto enrolment, all employees over the age of 22 who earn more than £10,000 a year will now have the right to a workplace pension – unless they decide to opt out.

Read more →

Number of lost pensions triples over decade; set to ‘worsen’ in future

The number of savers who have been trying to hunt down their lost pensions has more than tripled over the last ten years, new research has revealed. According to LV=, the figures came from a freedom of information request and show that the number of enquiries received by the Pension Tracing Service has increased by almost 250 per cent since 2005.

LV= also warned the number of lost pensions could “worsen” as today’s workforce becomes “increasingly transient”.

Read more →