Commencing Obligatory NEST Eggs For Staff

HR payroll offices at companies of all sizes and across a diverse range of sectors will by now be aware, if not fully conversant, with recent Government legislation passed in October 2010 that will oblige all businesses to enrol their staff in to a pension scheme due to begin in October 2012 and known as the National Employment Savings Trust, abbreviated to NEST.

Under current employment law, it is the responsibility of HR payroll representatives who employ five or more staff to offer their team members a pension scheme, although they are not obliged to make any contributions on behalf… Continue reading →