We advise employers on a range of tax issues arising in relation to pension contributions.
- maximising pension contributions including via salary and bonus sacrifice arrangements, bonus waivers and flexible benefit plans
- minimising pension contributions in those situations where the employee is subject to the tax charges arising from the tapered annual allowance and/or lifetime allowance thresholds for example by providing a cash alternative to contributions
We also work closely with our specialist employment pension team, and coordinate the advice of other specialists where necessary. In particular, our team has built up a very strong relationship with Sackers LLP, the UK’s largest dedicated pensions firm in the UK and a fellow member of Ius Laboris the world’s leading alliance of firms specialising in HR law. This enables us to offer complete solutions to a variety of pensions (and related employment) issues.
What’s happening in employment law in 2023?05 January 2023
There’s lots happening in employment law all of a sudden. 2023 looks set to be a year in which major employment law changes are shaped and fleshed out. From the post-Brexit reform agenda to a series of private members’ bills, key caselaw decisions to other planned developments, there is much change on the horizon, and little time for us to get our heads around it. Here’s our annual round-up of what to expect.
What's happening in employment law in Ireland in 202305 January 2023
The whirlwind of workplace and employment law developments we saw in 2022 is set to continue with multiple proposals for reform in the pipeline, including requirements on employers to deal with flexible and remote work requests, the introduction of a national living wage and other reforms flowing from the EU. Here’s our annual round-up of what to expect.
Pension auto-enrolment22 December 2022
All employers are required to automatically enrol eligible jobholders into a suitable pension scheme and fund a minimum level of pension savings (without reducing pay or benefits elsewhere). At least 8% of qualifying earnings must be paid into the pension scheme, with a minimum employer contribution of 3%.
Gender pay gap reporting in Ireland – updated guidance clarifies some (but not all) tricky issues20 July 2022
The gender pay gap reporting regulations in Ireland were published last month. Straight away, a number of issues with interpretation were apparent. The government has now clarified some (but not all) of these.
Hong Kong government tables bill to abolish Mandatory Provident Fund offsetting mechanism to the Legislative Council07 March 2022
There is finally visibility on how the government proposes to sunset the controversial Mandatory Provident Fund (“MPF”) offsetting mechanism as the long-awaited Employment and Retirement Schemes Legislation (Offsetting Arrangement) (Amendment) Bill (“Bill”) was tabled to the Legislative Council on 23 February 2022. The government hopes that the law will be finalised within the current government office term and expects the mechanism to be abolished by 2025. This article provides a summary of the key changes and some key takeaways for employers.