Research commissioned by NOW: Pensions has revealed that most financial advisers expect pension providers not to make automatic enrolment schemes available to small firms. Of the 248 advisers questioned by financial researcher Defaqto, 77% expect providers to only offer automatic enrolment schemes to firms with 30 or more employees. Commenting, CEO of NOW: Pensions, Morten…

Date posted: October 8, 2015

As we have now passed the 1st October 2015 all the new wage rates will apply. Please make sure that you have checked your clients employees rates for any payroll that is processed in October. As a reminder the rates are as follows workers aged 21 or over will increase from £6.50 to £6.70; for…

Date posted: October 1, 2015

The government is set to roll out a refreshed auto-enrolment advertising campaign to make sure smaller companies are aware of their duties around workplace pension schemes. From July adverts fronted by former Dragons’ Den star and entrepreneur Theo Paphitis will be broadcast across the country. More than 47,000 large and medium-sized employers have already completed…

Date posted: September 17, 2015

From April 2016, the government will introduce a new mandatory National Living Wage (NLW) for workers aged 25 and above, initially set at £7.20 – a rise of 70p relative to the current National Minimum Wage (NMW) rate, and 50p above the increase coming into force in October. That’s a £1,200 per annum increase in…

Date posted: September 11, 2015

A study has been carried out on behalf of HMRC to establish small firms’ awareness about, and experience of, Employment Allowance and the impact it has had on their business. Since April 2014, eligible employers have been able to claim Employment Allowance of up to £2,000 per year to offset against their employer’s National Insurance…

Date posted: September 11, 2015

I know that we have sent out emails regarding your staging date before but this article just shows the small amount of businesses that are acting on what needs to be done. Research published by the Pensions Regulator has revealed that only 29% of employers who have a staging date for pension auto-enrolment in 2016…

Date posted: August 27, 2015

Changes to National Minimum Wage (NMW) rates have been approved by the Prime Minister and Deputy Prime Minister, following recommendations made by the Low Pay Commission (LPC). From 1st October 2015, the NMW rate for workers aged 21 or over will increase from £6.50 to £6.70; for 18 to 20-year-olds, it will increase from £5.13…

Date posted: May 29, 2015

Nearly two years after mass implementation, RTI systems are still causing employers and us (payroll agents) problems: Duplicated records continue to affect roughly 10% of employers within the system, with up to 75,000 entries inflating liabilities for employers’ contributions and often triggering actions collection by agents working on behalf of HMRC’s Debt Management and Banking…

Date posted: May 1, 2015

Do you find yourself being asked by your employees questions regarding Holiday Pay , Sickness or Maternity Leave that you can’t answer? Here at Your Payroll Department we now Partner with a HR company to help all our clients with any HR Issues they need answering. We offer different packages to suite each business need…

Date posted: April 24, 2015

It is estimated that nearly a million employees a year remain absent from work for more than four weeks, that is more than 130 million days are being lost to sickness absence every year 😮 , and that employers face an annual bill of around £9 billion for sick pay and associated costs due to…

Date posted: April 17, 2015