Key dates for future pensions changes
This is a list of some of the future dates for changes to pensions legislation which will affect employers and employees across the UK including those in higher education
September - Royal Assent to the Pensions Act 2011
October
1 - Ending of the default retirement age
11 - DWP consultation ‘Workplace Pension Reform – Completing the legislative framework for Automatic Enrolment closes
4 April – Lifetime pensions allowance reduces from £1.8million to £1.5million
July - Largest employers allowed to start auto-enrolling employees on a voluntary basis
October - End of employer pension staging period and increase in statutory minimum pension contributions to 5% for employers and employees
October - Full statutory minimum pension contributions for all employers and employees
DWP to review NEST and possibly the success of automatic enrolment
November - State Pension Ages equalised at age 65 for males and females
April - State Pension Ages rise to age 66