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According to a study by the Department of Work and Pensions (DWP), 56% of employers and 64% of staff support the proposals, which will come into effect from 2012.The report also found that some seven million Britons are not saving enough for their retirement. However, it is hoped that automatically enrolling eligible workers into a pension scheme will encourage more people to set aside funds for their future
Read More Workplace parking scheme comes under fireGovernment plans to introduce a workplace parking levy (WPL) have been criticised by the Forum of Private Business (FPB), which claims the charge amounts to a 'stealth tax'.According to recent reports, the Government is expected to impose a £250 levy on firms with 11 or more parking spaces
Read More Details of national insurance 'holiday' unveiledDetails of a new regional national insurance holiday for start-up businesses have been published by HM Revenue and Customs (HMRC).Under the scheme, new businesses in targeted areas of the UK will not have to pay the first £5,000 of Class 1 employer NICs due in the first year of employment
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