In recent years – due to tax changes – it has become more expensive to make termination payments. With redundancies on the rise due to the coronavirus, is it time you understood how termination payments work in 2020? Beyond the human tragedy of COVID-19 is an economic one. Swathes of the UK economy have been […]
Workplace Pension Contribution Increase
As part of the compulsory employment pensions the minimum contributions are increasing.
Payroll Update – Financial Year 2018/19
The new financial year began 6th April 2018. This means that new rates and limits are applied to you and your business. The changes are summarised below and we will be making changes based on the new rules as appropriate. Minimum Wage Take note of the new National Living Wage and the National Minimum Wage, […]
Don’t Ignore Auto-Enrolment…
Are you prepared to take on your new pension responsibilities? The law on workplace pensions means that you must automatically enrol eligible staff into a qualifying pension scheme. Even if we manage your Payroll you will need to take action or risk penalties from the Pensions Regulator. Get our full 15 page guide to explore […]
REMINDER National Minimum Wage Increase
New minimum wage rates came into effect on 1st October 2016.