A pension revolution. What you need to know.

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The way people are funding their retirement is changing. It may not sound exciting but auto-enroling employees into pension schemes has been hailed as a ‘pensions revolution.’

Large companies with 250 workers plus have started adopting the scheme years ago and more than 11,000 employers have automatically enrolled over 3 million staff into workplace pensions.

Now smaller companies are following suit and even bigger numbers are still to come. The government believes nine million people will soon be newly saving or saving more through auto-enrolment.

 

What are workplace pensions?

A work place pensions is a simple step to a financially secure future. When you contribute your employer and the government will too.

It is a way of saving for your retirement, arranged by your employer, so you don’t need to worry about financially securing your future.

The money you get from a workplace or other pension give you the increased flexibility you need when you retire.

 

What’s new?

A new law means that every employer must automatically enrol workers into a workplace pension scheme if they:

  • are aged between 22 and State Pension age
  • earn more than £10,000 a year
  • work in the UK

 

How do they work?

You make a small contribution, a percentage of your pay which is automatically put into the pension scheme every payday.

In most cases, your employer and the government also add money into the pension scheme for you. The money is used to pay you an income for the rest of your life when you start getting the pension.

You can’t usually access the money before you’re 55 at the very earliest – unless you’re seriously ill.

You can usually get some of your pension as a tax-free lump sum when you retire and if the amount of money you’ve saved is relatively small, you might be able to access it as a lump sum. 25% is tax free but you’ll have to pay Income Tax on the rest.

Today the maximum basic State Pension you can get is £113.10 per week for a single person.

 

Pensions and Milestone’s Employees 

If you’re a Milestone employee you can be enrolled in the NEST, National Employment Savings Trust, pension scheme.

If you would like to know more about NEST you can visit their website at www.nestpensions.org.uk or search online for NEST pensions.

Milestone and the Amber Foundation Go the Extra Mile

milestoneamber03 Milestone and the Amber Foundation Go the Extra Mile

Amber provides 24 hour care and support every day of the year to disadvantaged young people who are unemployed and homeless.

Milestone Operations joined forces with The Amber Foundation to deliver the first in a series of ‘employability’ workshops at the Milestone office in the West End of London this April.

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Everyone is talking about CPC training…

Justyna Przybysz, our Site Support Coordinator at Milestone Operations emphasises the importance of completing the Driver Certificate of Professional Competence qualification

“As most of you will have already heard, professional drivers are required to pass their 35 hours of the periodic CPC training by the 10th of September 2014.

No matter how many CPC modules would you have already completed or how many years of experience of driving a lorry, you would still be required to pass all the modules within the next few months. The deadline is approaching fast and there is no doubt that training availability will also become limited due to sharp spike in demand.

Many of you would ask about the purpose of having the CPC completed.

So why is it so important?

The new EU directive was introduced for several reasons, the main purpose being to improve the knowledge and skills of lorry drivers. The Driver CPC course should help improve road safety, improve the image and perception of professional lorry drivers and importantly reduce fuel consumption helping improve the environment.

Just try to imagine an IT consultant, who qualified 10 years ago, would he be up to date with all technology news without undergoing through new training courses? Or a Lawyer who does not understand new law regulations. For many professional occupations training and development is vital for a number of reasons including safety, efficiency, and improvements just to name a few.

Therefore the CPC qualifications are highly important for the success of the logistic industry and it is seen as key to driver professionalism, crucial to continuous learning and development within the industry. 

Whatever your personal view is on the benefits of completing the CPC training, the fact is, if being a professional driver is a career that you are serious about you must complete your CPC without delay!”

If you are a Milestone driver, please speak to your site manager about CPC course dates. For more information on the Driver CPC please visit https://www.gov.uk/driver-certificate-of-professional-competence-cpc.

 

 

How To Get A Job In The Trucking Industry

First time drivers will often find it difficult getting a job as many employers require driving experience before they hire drivers. The amount varies among recruitment agencies, and also the transport companies themselves. Not all of them require experience however, so it’s just a matter of getting out there and finding that job. Recruitment agencies are familiar with the different haulage companies and will be able to point you in the direction of places where you can gain experience. Continue reading

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