What are the On-going Duties for Workplace Pensions and what do you need to do for re-enrolment? There are a few things you need to do when it comes to Workplace pensions and re-enrolment. Once your scheme is set up you have a list of on-going...
National Minimum Wage Increase in April 2024 In November 2023 the Government announced its acceptance of the Low Pay Commission’s recommendations on minimum wage rates to apply from April 2024. The National Minimum wage is the minimum legal amount per hour a business can pay an employee...
Budget Spring 2024: National Insurance Cut Yesterday the chancellor announced changes to NI for employed and self-employed. The chancellor cut the main rate of national insurance contributions (Nics) paid by workers from 10% to 8% with effect from 6 April 2024, which he said would benefit 27...
Changes in National Insurance contributions rates (NICs) in 2024 In the Autumn Statement the chancellor announced changes to National Insurance. If you use automated payroll software you must ensure your system was updated for the changes, especially the reduction of the National Insurance rate from 12%...
National Insurance number allocation Over the passed 18 months National Insurance numbers have played a key role in helping to claim furlough support for employers. Without one it was initially very difficult to make claims. Why do you have an National Insurance number You have a National...
Re-enrolment - what do you need to do? Every three years employers have to assess their staff for re-enrolment. Any staff who have left their pension or reduced their contribution must be assessed and re-enrolled if eligible. We’ve produced a factsheet about re-enrolment, you can download a...
Seasonal Workers Make sure you get filing with HMRC and Pensions Procedures right first time. Do you have seasonal workers on your staff? Pensions Auto-enrolment can be complicated enough with regular full and part time staff but what if you employ seasonal staff in the summer or Christmas period....
What is a Tax Code? Your tax code is used by your employer or pension provider to work out how much income tax you will pay from your salary, wages or pension. Your tax depends on how much you earn. Currently the personal tax allowance for...
Payroll & NI when you take on a new employee When you take on a new employee you need to get them set up on the payroll system as soon as possible. Making sure you have all the relevant information for a new employee avoids future problems...
Reporting payroll when your normal payday falls on a non-banking day The date you pay your employees is usually agreed when they begin working for you and is normally a calendar date, ie 28th of each month or a day, the last Thursday of the month. It...