Company Pension Contributions

Andy78

Hi,
I currently work for a company that does not make any contribrutions into a pension scheme.
I have heard rumours that the government is changing the law so that all companies must make a contributions to company pension schemes.
Does anyone know if this is true and if so when does it come into force?

dunstonh

2012 is the current start date. Rumours persist that it will be put back though to 2015 due to recession though. That said, 2012 may just be enough.

MrChips

The compulsory rate of company contributions will (initially anyway) be only 3% of salary. Not too significant, but better than nothing.

MikeJones_2

Hi Andy,

There are some useful pointers on the official website:

- Personal Accounts Delivery Authority

Hope that helps.

Mike

I work in the field of Pension Education and Pension Guidance in the UK. I am a member of the Specialist Pensions Forum as well as being a Voluntary Adviser for The Pensions Advisory Service. I work with scheme members, employers, trustees, scheme administrators and advisers on most things to do with employer sponsored pension schemes. The views expressed by me in this thread are my personal opinions. You should seek professional advice from an appropriately experienced and qualified adviser. I am not an IFA.