Kent Solicitors

The Government is worried that we are not providing for our old age. From 2012, contribution rates will be a compulsory 3% cent from the employer, 4% from the employee and a nominal 1% in tax relief from the government. Staff will be automatically enrolled into it, although they can 'opt out'. The Government hopes that the inertia of the employee will cause him to build a pension fund over time.

Labels: Compulsory pensions