Written by Richard Rowell on March 20, 2015

The Career Average Pension Scheme launches 1st April 2014.

Employees with 8 years to retirement are unaffected. Those with more than 11 and a half years to NRD you join the new scheme. If you fall in the gap you will transfer to the new scheme at a later date.

Although the new scheme impacts on benefits for employees the changes for employers are limited. Simply, all income becomes pensionable and contributions are based on actual earnings not full time equivalents.

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Richard Rowell is CEO of Dataplan and is the driving force behind the growth of Dataplan from a payroll department within a regional accountancy firm, to one of the UK’s leading outsourced payroll providers.

Richard is a Member of the Chartered Institute of Payroll Professionals and Fellow of the Chartered Association of Certified Accountants.