Significant minimum pay rise may impact employer reward strategies

Employers may need to review their reward strategies! With the proposal of the Low Pay Commission (LPC) for a significant rise in the National Living Wage (NLW) and National Minimum Wage (NMW), low paid employees are set to see rises exceeding 9%! And the future prospect of seeing the NLW starting point drop to 21 … Continue reading Significant minimum pay rise may impact employer reward strategies →

Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator

This resource is provided kindly by PAYadvice.UK- An employer who provides childcare vouchers to employees are required to undertake an annual Basic Earnings Assessment (BEA) prior to the start of a new tax year to define the tax and NIC free amount of ChildCare Vouchers (CCV) allowed. The rates and limits available are set by … Continue reading Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator →

National Minimum and Living Wage rise for April 2023

The government states it is committed to ending low pay. From 1st April 2023, the National Living Wage (NLW) will increase by 9.7% to £10.42 an hour for workers aged 23 and over – the largest ever cash increase for the NLW. This represents an increase of over £1,600 to the annual earnings of a … Continue reading National Minimum and Living Wage rise for April 2023 →

HMRC April 2021 Employer Bulletin

HMRC April 2021 Employer Bulletin http://payadvice.uk/2021/04/14/hmrc-april-2021-employer-bulletin/ — Read on payadvice.uk/2021/04/14/hmrc-april-2021-employer-bulletin/

Salary Sacrifice and furlough reference salary

Salary Sacrifice and furlough reference salary http://payadvice.uk/2021/02/04/salary-sacrifice-and-furlough-reference-salary/ — Read on payadvice.uk/2021/02/04/salary-sacrifice-and-furlough-reference-salary/

Coronavirus Job Retention Scheme guidance updates 4th February 2021

Coronavirus Job Retention Scheme guidance updates 4th February 2021 http://payadvice.uk/2021/02/04/coronavirus-job-retention-scheme-guidance-updates-3rd-4th-february-2021/ — Read on payadvice.uk/2021/02/04/coronavirus-job-retention-scheme-guidance-updates-3rd-4th-february-2021/

Rogue employers named and shamed for failing to pay minimum wage

Rogue employers named and shamed for failing to pay minimum wage http://payadvice.uk/2020/12/31/rogue-employers-named-and-shamed-for-failing-to-pay-minimum-wage/ — Read on payadvice.uk/2020/12/31/rogue-employers-named-and-shamed-for-failing-to-pay-minimum-wage/

Statement: Tax exemptions: Employer-reimbursed coronavirus antigen tests and easement for employer-provided cycles exemption

Statement: Tax exemptions: Employer-reimbursed coronavirus antigen tests and easement for employer-provided cycles exemption http://payadvice.uk/2020/12/17/statement-tax-exemptions-employer-reimbursed-coronavirus-antigen-tests-and-easement-for-employer-provided-cycles-exemption/ — Read on payadvice.uk/2020/12/17/statement-tax-exemptions-employer-reimbursed-coronavirus-antigen-tests-and-easement-for-employer-provided-cycles-exemption/

IReeN Newsletter 20/4/2020

Coronavirus Job Retention Scheme Latest GOV have issued new information 17th April 2020: added on scheme extension, fraud, claims for employees you made redundant or who stopped working for you, fixed term contracts, agency workers and retaining records. Also, a new guide has been published with information on holiday pay, employees returning from family-related statutory leave … Continue reading IReeN Newsletter 20/4/2020 →