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citizenB

Are you ready to pay £500 a year to give your nanny or carer a pension??

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Watch out you might soon have to

 

Some may have to start paying in five days' time or face £400 fine

Families with nannies and the elderly with carers will be hit by new rules

Overhaul will see 700,000 small employers contributing to a pension

Firms of between one and 30 staff must set up pensions

Rules apply to workers aged over 22 and earning more than £10,000

Self-employed such as most cleaners and gardeners are not affected

 

 

Read more: http://www.thisismoney.co.uk/money/pensions/article-3097868/Are-ready-pay-500-year-nanny-pension.html#ixzz3bo08M9cS

 

 

 

 

Families with nannies and the elderly who take on carers must start paying into a pension in as little as five days’ time — or face a £400 fine.

 

An overhaul to the pension rules will see more than 700,000 small employers start paying into a pension for their workers for the first time.

 

In some cases, they must comply with the rules from today, Monday, 1st June 2015

 

 

 


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

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