Personal Accounts - 2012

The Olympics aren't the only big thing happening in 2012. The Government is planning to bring in a new system for pension saving in 2012 which were to be called "Personal Accounts", but on the 8th January 2010 were re-named "National Employment Savings Trust". Whatever the name, this will have an impact on any existing pension arrangements and will incur extra costs for employers. In addition for the first time there will be an element of compulsion into pension arrangements for the entire workforce.

Whilst it is true that the fine detail of  Personal Accounts, or the National Employment Savings Trusts, will change in the run up to 2012, it is vital that employers take early action to make sure they comply with the rules.

This website aims to provide employers and employees with basic information and invites employers to register for updates to what is happening regarding Personal Accounts in the run up to 2012 as and when they occur.

To avoid repeating much of the same detail, where you see text like this, clicking it will bring up a glossary reference tip.

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