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 […]
Since the introduction of flexible pensions in 2015, an increasing number of people are utilising the option to make a lump sum pension withdrawal from their funds. However, pension withdrawal rates are still within government forecasts, allaying concerns of there being a ‘run’ on pension funds leaving some without the means to support them into […]
The Evans Weir winter tax briefing 2016 is now available for download here: Winter Tax Briefing 2016 In this edition we consider: Digital business records Pensions Flat rate VAT changes Contractors working for public sector clients Tax on savings ‘Trivial benefits’ Marriage Allowance Salary sacrifice For more information on any of the articles or for […]
With over 200,000 small organisations using HMRC Basic PAYE Tools (BPT), it has become one of the most recognised payroll systems for many employers across the UK. But recent legislation over pension Auto Enrolment (AE) is likely to challenge the traditional system. Prior to now, BPT users have not had access to software functionality that […]
As of 2nd June BHS is being wound down as none of the offers to takeover were deemed acceptable by the administrators. The past owners of BHS have been under severe scrutiny since entering administration, especially regarding the huge pension deficit that has been uncovered. Sir Phillip Green reportedly offloaded BHS for just £1 leaving […]
The auto-enrolment staging date is set to come into effect in the following months and we would like to take the time to remind you that you should be fully aware of when your staging date is as well as the effect this will have on your business. Ensuring that the auto-enrolment procedure is adhered […]
As you are probably aware, the auto-enrolment staging date for many local businesses is set to come into effect within the next 12 months. Within our client base 60 businesses will stage in this period, we already provide the payroll solution for the vast majority of these businesses and others are considering their position. It […]
In spring this year we conducted a survey with clients of Evans Weir to find out what they understand about the auto-enrolment scheme. Firstly, thank you to all those who participated in the survey – your input was much appreciated. As you are probably aware the auto-enrolment pension scheme has come into effect for larger […]
Auto Enrolment Survey As Auto Enrolment starts to become an issue for many of our clients over the next 18 months, we are keen to hear from businesses how they view the legislation, their attitudes towards it and current state of readiness. We would be grateful if you would spend a couple of minutes completing […]
From the start of the next financial year (6 April 2016) the state pension will transform into a flat rate structure. This is a significant change, affecting everyone who reaches state pension age on or after the said date. The new rules require at least 10 years of full contributions for any of the flat […]
Auto Enrolment – obligation again! We are aware that The Pensions Regulator has recently started contacting smaller companies notifying them of their staging date and asking them to nominate a contact for future communications regarding Auto Enrolment. A sample letter is shown here >> Auto Enrolment obligation is a legal policy and failure to respond […]
What Can We Look Forward To in 2015? It has taken me a few weeks to sit down and pen my thoughts for the 2015 changes as like many of you have voiced in recent days, I too started the New Year with that feeling of ‘here we go again’. For those in the accountancy […]