The DWP and HMRC have together produced two factsheets, one for employers and one for trustees, aimed at assisting with planning for the abolition of DC contracting-out from 6 April 2012.
The factsheets suggest various steps that should be considered, including:
- Discussing the issues with each other;
- Considering whether any rule amendments are needed;
- Planning how the change will be communicated to affected members; and
- (For employers) preparing to pay the correct National Insurance contributions after the abolition date.