Pension Reform & SME's What is it, How Does it Affect Me and What Do I Have to Do?

Over the last couple of years, you may have heard the words ‘Pension Reform’ and ‘Auto Enrolment’, but like many of the UK employers; you may still be wondering ‘How will this impact on my business and its employees?’. This information has been developed especially for SME’s to simply explain all you need to know as well as to provide an overview of what you need to do as an employer to prepare for the upcoming reform.

In2Matrix New Joiner – Davor Lalic

On 2 April 2012, Davor Lalic will join In2Matrix as the Head of
International  Consulting. Davor will be based at the In2Matrix office in London.

Davor will be advising multinational clients on a wide range of strategic and operational international employee benefits issues. He will have responsibility for In2Matrix's consulting division, advising on multinational risk benefit financing (captive, pooling and Pan?European risk solutions),  but also offering other employee benefits consulting services and co-ordinating related local broking services.

Having graduated In Germany with an Advanced Diploma in Insurance, Davor started his career 15 years ago as Group Underwriter for Life, Disability and Pensions. In the UK, Davor was working as a Senior Consultant at Willis and most recently at Mercer specializing in multinational pooling and reinsurance to captive solutions. He has been involved in a wide range of international and local work, with a particular focus on global benefits strategy and alternative risk financing. We look forward to working with Davor and wish him every success.

2012 UK Budget Announcements

This year marks the commencement of compulsory pension's provision for employers, clearly in these challenging economic times the additional administrative and financial burdens are a headache for many firms. It is, therefore, pleasing that in the 2012 budget George Osborne has decided to leave the current pension tax regime intact.

The upper rate of Income Tax will be reduced to 45% from 6 April 2013, this creates an opportunity for high earners who have earnings in excess of £150,000 in the current tax year to benefit from 50% tax relief. For those who have not made any pension provision it is possible through careful planning to fund £200,000 into a pension plan before April 2013 by means of “carry forward”.

In2Matrix New Joiner – Sanjay Merchant

Today Sanjay joined In2Matrix as an Employee Benefit Consultant.
Sanjay has over 20 years of experience in the field of corporate pensions and employee benefits, having previously worked as the Head of Employee Benefits of a medium sized accountancy practice, advising mainly SME clients. Sanjay has significant experience of working with inward investing firms, predominantly from the US and Europe.