Recent analysis by online pension provider PensionBee has once again highlighted the issue of higher rate pension tax relief not being claimed on pension contributions. The research showed that more than 1 million of Britain’s higher rate tax payers are not claiming pension relief through their personal tax returns. It would appear that eight in […]
The Treasury has announced that Chancellor Phillip Hammond is going back on a promise made by his predecessor, George Osborne, to scrap Class 2 NI Contributions. The abolition which was originally planned to come into effect this year, had already been put on ice by the Chancellor citing concerns that it would actually increase the […]
A gentle reminder that all businesses should now be aware of, if not fully compliant, with Auto Enrolment legislation. If you are an established business with existing staff, you should have passed your staging date, have selected your scheme and be making contributions – with your employees making payments up to the current minimum contribution […]
The start of April marked increases for the compulsory payments applicable to employees with the national minimum wage, the national living wage and the minimum contributions for auto enrolment all changing. But there was a curveball to be aware of… Auto Enrolment Minimum Contributions Increased on 6th April With the final staging date for auto […]