Workers Pension Trust has become the first Northern Ireland based pension provider to be awarded Master Trust Authorisation from The Pensions Regulator.
We are very pleased to welcome our new Business Development Executive, Jenda McSwiggan.
The lifetime allowance is a limit on the amount of pension benefit that can be drawn from pension schemes – whether lump sums or retirement income – and can be paid without triggering an extra tax charge.
By law, from 6 April 2019 the minimum amount employers pay into the Scheme is 3% of qualifying earnings, and the amount staff put in is 5%, bringing the total contributions to 8%.