Annal Nayyar provides an update on Employers National Insurance contributions set to change with Contracting-out status for defined benefit pension schemes set to end wef 6 April 2016.

The changes announced in the DWP White Paper ‘single-tier pension – a simple foundation for saving’ will be considered for Royal Assent in Spring 2014. If Royal Assent is given it will mean that the contracting-out status will be removed from Defined Benefit schemes with effect from 6 April 2016.

See here for further details

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