Pension changes warning

Costa is opening in Hilsea

Costa lovers rejoice! New store set to open in Hilsea this weekend

Have your say

THOUSANDS of employers in the region do not meet the new pensions auto-enrolment rules which are being phased in, an accountancy firm has warned.

‘Many employers think that, because they already operate a pension scheme, they will automatically meet the new requirements. But this is not the case,’ explained Chris Murray, an employee benefits specialist and director at Smith & Williamson.

The government is bringing in auto-enrolment in order to target employers who are not offering a qualifying workplace pension scheme and employees who are not saving for retirement.

People of pensionable age earning more than £8,105 will be eligible for automatic enrolment, although contributions will then be based on earnings between £5,564 and £42,484.

To find out if you qualify, see