Pension Regulator autumn update

02 October 2014

The autumn 2014 quarterly update from the Pensions Regulator has been issued.

The Regulator’s latest update gives us a useful round-up as always of news across the pensions arena, including sources of help and guidance.

More news

CIPP quick poll

Recent concerns raised by the Low Incomes Tax Reform Group (LITRG) suggest that some employers may be unintentionally applying pension tax relief incorrectly due to confusion between Net Pay and Relief at Source pension arrangements.

This week’s Quick Poll considers how confident pay professionals are in their knowledge and administration of workplace pension tax relief.

Q1. How confident are you that your organisation understands and correctly applies workplace pension tax relief rules?

Very confident – we fully understand the rules

Fairly confident – but additional guidance would be helpful

Not very confident – the rules can be confusing

Unsure – we rely on payroll software or third-party providers

Don't know

Q2. Do you think employers receive enough guidance with pension tax relief rules in workplace pension schemes?

Yes - guidance is clear and sufficient

Somewhat - but improvements are needed

No - the rules and terminology are too confusing

Unsure - We rely on payroll providers/advisers for this information

Don’t know

*denotes a mandatory field

Pension Regulator autumn update

CIPP quick poll

The CIPP in numbers

15k+

2,800+

13,379

10,356