The self-employed should be auto-enrolled into a pension scheme through the self-assessment process, the Taylor review has suggested.
Published on 11 July, the review backed Aviva and Royal London's previous proposals of having an annual self-assessment process to default the self-employed into pension saving. It welcomed the Conservative party manifesto commitment to make auto enrolment available to the self-employed. "When the individual provided HMRC with their self-assessment, as well as providing funds to cover income tax and NICs liability, they could also be expected to provide 4% of income towards a pension unless they choose to opt out," the review said. Disagreement over LISA The review also cited th...
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