Editorial for Newsletter #344Monday, January 26th, 2009
The major item in this week’s newsletter is an update on the outline provisions set out in the Pensions Act 2008 for pension personal accounts. These new types of pension scheme, which will involve both employer contributions and employee contributions through the payroll, are likely to be introduced from 2012. So far we only have an overall picture of the government’s latest move towards compulsory pension savings, so the coming draft Regulations are awaited with considerable interest.
This week’s Employer FAQ looks at what employers can do lawfully when employees leave having taken too much of their holiday entitlement. The situation sets a serious trap for the unwary employer, so do consider your options carefully.
The UK Payroll News is sponsored by HRD & Payroll Solutions