Pension Reform

leonag Registered Posts: 46 ? ? ?
I've had 2 clients in the last couple of days asking me about what pension reform means for them, I am intending to book on the pension reform CPD course, but that's not for another month. So I was wondering if anyone can help me.

Client 1: A small engineering company with 1 employee, plus the owner. If I'm right the reform doesn't apply to him until minimum June 2015, is this right? Also the employee earns more than £42000, this makes him an eligible job holder, what is the significance of the £42,475 figure? If the employee has his own personal pension will the employer still need to contribute.

Client 2: Self employed sole trader, he's heard that the government is also going to be rolling out a compulsory contribution to a national pension scheme by all self employed people.

Any help greatly appreciated.


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