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Archive for September 11th, 2010

Starting from 2012 large employers will contribute 3% to employees’ pension schemes as standard. The scheme will be introduced in stepped stages to cover medium and small employers by 2016.  If the employer doesn’t operate a pension scheme they will be able to offer Nest, the government’s model. Employees will be automatically enrolled unless they opt out. The full contribution will be made up of tax relief, employer and employee’s contribution. More info at the National Employment Savings website.

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