A personal account will be a workplace pension
intended to complement existing workplace pension provision.
The personal accounts scheme will be a trust-based
occupational pension scheme and will be one of the automatic
enrolment schemes under the Government’s reforms. They will
be regulated by the Pensions Regulator and open to any
employer that wants to use it.
Like any other automatic enrolment scheme, employers can offer more than the minimum
requirements through the personal accounts scheme. Read
more...
Disclaimer
- This is the current understanding of a Personal
Account by Personal Accounts Ltd. This is not
intended as any form of advice and no responsibility
is taken for its contents. All parties should seek
their own legal & financial advice regarding all
aspects of Financial advice from a suitably qualified
source.
Tax and legislation are likely to change. The
information provided here is based on Personal
Accounts Ltd understanding of law and HM Revenue &
Customs practice at date of publication and the legislation we believe will apply from 6
April 2012. Personal Accounts Ltd accepts no
responsibility for advice that may be formulated on
the basis of this information. Company Registration No.6854834. Registered
Address: 9 Beachampton Business Park, Milton Keynes.
MK19 6EA
