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Government confirms implementation of pensions dashboards

The government has confirmed that the initiative to introduce a pensions dashboard will go ahead.

Pensions dashboards will allow those saving for retirement to view information from multiple pensions in one place stating that the dashboard will 'open up pensions to millions', and 'provide an easy-to-access online view of a saver's pensions'.

The Department for Work and Pensions (DWP) will bring forward legislation that will require pension scheme providers to make consumers' data available to them through their chosen dashboard. The plan is to include State pension information as well.

Mike Cherry, National Chairman of the Federation of Small Businesses (FSB), said:

'The government's commitment to compel pension schemes to share data with platforms through primary legislation is particularly welcome. Some urgency is now required, and we question the three to four-year timeframe for schemes to prepare data for dashboards.'

Internet links: GOV.UK Pensions dashboard fsb press release

07 May 2019

Consultation on extension of IR35 rules

HMRC has published guidance on the extension of the off-payroll working rules (also known as IR35) to the private sector.

07 May 2019

Government confirms implementation of pensions dashboards

The government has confirmed that the initiative to introduce a pensions dashboard will go ahead.

07 May 2019

'Springtime' tax scams target young people

HMRC has warned young people in the UK to 'stay vigilant' in order to avoid falling victim to 'Springtime' tax refund scams.