Policy News Journal - 2014-15

Better Workplace Pensions............................................................................................. 422 DWP Employer News - February 2015 ........................................................................... 423 Draft legislation: pension flexibility – annuities ................................................................ 426 HMRC Pension Newsletter 67 ........................................................................................ 426 Free pension statement for over 55s .............................................................................. 427 Workplace pension scheme membership increases across all age groups..................... 427 Pension Schemes Act 2015............................................................................................ 428 Retirement income gender gap is shrinking .................................................................... 429 Pensions Minister calls for pensions dashboard within two years ................................... 430 Majority of UK workers think they should double pension contributions .......................... 430 Government reforms to stop savers losing mini pension pots ......................................... 431 Latest TPR scorpion campaign urges members to scamproof saving' ............................ 432 New draft essential guide to pensions flexibilities ........................................................... 432 Lifetime Allowance factsheets......................................................................................... 433 Pension Schemes Online support for Software Developers ............................................ 433 HMRC publish new draft Pensions Tax Manual .............................................................. 434 Qualifying Recognised Overseas Pension Schemes (QROPS) update........................... 434 HMRC Pension Schemes Newsletter 68......................................................................... 434 Local Government Pensions ........................................................................................... 434 LGPS HR and Payroll guides.......................................................................................... 435 Teachers’ Pension Scheme ............................................................................................ 435 Governance consultation on LGPS................................................................................. 435 Public Service Pension Reform – response to consultation ............................................ 435 Local Government Pension Scheme update................................................................... 435 Public service pension schemes - the law has changed ................................................. 436 NEST (National Employment Savings Trust) .................................................................. 436 NEST research shows 2014 stagers face fundamental challenges in getting automatic enrolment right................................................................................................................ 436 Preparing for automatic enrolment with NEST ................................................................ 438 NEST interface with payroll software .............................................................................. 438 Price of a comfortable retirement is £15k a year ............................................................. 439 Changes to the NEST system......................................................................................... 441 New NEST research on consumer expectations of DC pensions.................................... 442 New Chair for National Employment Savings Trust (NEST)............................................ 442 Pensions becoming a national priority, says NEST ......................................................... 442 NEST: removal of the annual contribution limit and transfer restrictions.......................... 443 Appointment of new Trustees to the National Employment Savings Trust (NEST) Corporation..................................................................................................................... 444 NEST reaches 2 million members................................................................................... 444 Queen’s Speech 2014...................................................................................... 445 Queen’s Speech announcements on payroll and pensions............................................. 445 What are collective pension schemes? ........................................................................... 447 Rates and Thresholds ..................................................................................... 447 Statutory payment rates 2014/2015 ................................................................................ 447 Tax and tax credit rates and thresholds for 2014-15 ....................................................... 447 National Insurance Thresholds ................................................................................... 448 National Insurance guidance for software developers, effective for the tax year 2014- 15 ............................................................................................................................... 449 Changes in tax coding ................................................................................................ 449 Changes to Tax Tables from 6 April 2014 ................................................................... 449 Student loan repayment threshold for tax year 2014/15.................................................. 449 Draft legislation National Insurance Contributions Rates, Limits and Thresholds 2014/15450 Statutory redundancy pay and compensatory award for unfair dismissal ........................ 450 Statutory payment recovery rates for 2015-2016 ............................................................ 450 Statutory payment rates for 2015-16............................................................................... 451 Rates and thresholds for employers 2015 to 2016.......................................................... 451 New redundancy pay rates from 6 April 2015 ................................................................. 452 Scotland............................................................................................................ 452 Memorandum of understanding for Scottish rate of Income Tax ..................................... 452

CIPP Policy News Journal

08/04/2015, Page 17 of 521

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