From 1st April 2022: National Living Wage (Employees aged 23 and over) – £ 9.50 per hour The new National Minimum Wage rates are going up to: 21-24 £ 9.18 per hour18-20 £ 6.83 per hour16 & 17 £ 4.81 per hour The Apprentice rate (Under 19 or over 19… Read more →
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The SSP Rebate Scheme was brought back just before Christmas 2021, allowing Employers (of 250 employees or less) to claim back up to 2 weeks of SSP paid to employees who have been off work either with Covid-19 or due to having to isolate. To be eligible:The employee must earn at least £120 per week… Read more →
This summer, we are seeing an increased demand for our temporary Nanny Payroll service as lots of parents are looking for childcare alternatives with so few of the usual (and very much appreciated!) holiday clubs available. Hiring a nanny or babysitter to help out at home is a popular option. We have a lot of… Read more →
UPDATE: There is a new link now available that takes you to your log on screen and straight through to the claim section – hooray! You an find it at: https://bit.ly/2KjKfBz (Scroll down to the green “Claim now” box.) Today (Monday, 20th April), the long awaited Coronavirus Job Retention Scheme Claim portal has gone live… Read more →
Employers are being warned to check their entitlement to the Employment Allowance from April 2020. For the 2020/2021 tax year, employers will only be able to claim the Employment Allowance if their total Class 1 National Insurance Contributions (the NI they paid as an employer not the NI they deducted from their employees) was less… Read more →
Changes to Statutory Sick Pay (SSP) entitlement have been made due to the outbreak of the Coronavirus but what are they? Employees still need to qualify for SSP by meeting the earnings threshold for the relevant period. Until April 5th 2020 this is an average of £118 + per week for at least the 8… Read more →
From 1st April 2019, the minimum pension contributions under Auto Enrolment will increase to: Employer: 3% Employee: 5% (for a majority of pension schemes 4% will be taken due to the tax relief) The Earnings Trigger (the amount an Employee has to earn to qualify for Auto Enrolment) remains at: £ 10,000 per annum £… Read more →
Personal Tax Allowance From 6th April 2018, the new annual Personal Allowance for income tax purposes is £ 11,850. An Employee’s tax allowance is divided up according to how often he/she is paid. Using the 1185L tax code / £11,850 annual allowance as an example: Monthly paid Employees can earn £988 per month before paying… Read more →
From 1st April 2018, the minimum pension contributions under Auto Enrolment will increase to: Employer: 2% Employee: 3% (for a majority of pension schemes 2.4% will be taken due to the tax relief) The Earnings Trigger (the amount an Employee has to earn to qualify for Auto Enrolment) remains at: £ 10,000 per annum /… Read more →
Taking on your first employee is an exciting time but there is so much to do. Registering with HMRC, sorting the correct insurance, training; there’s a lot to think about. From October 1st, there’s another thing to add to the “to do” list – sort out a workplace pension for your employees. Employers… Read more →