Tax relief for employee pension contributions to pensions schemes is given in two different ways: The Net Pay Arrangement This is where contributions are deducted from an employee’s pay and tax relief is given to the employee at source, applied at their marginal rate. Relief at Source Contributions are deducted after tax and NIC and […]
Advice on unpaid work trials has been added to HMRC’s guidance on calculating the National Minimum Wage (NMW). Work trials are sometimes offered for legitimate reasons as part of a recruitment process. However, some employers may use unpaid work periods to obtain work or services that should be paid. This is often a grey area because there […]
Read articleThe government has confirmed the auto-enrolment earnings trigger and qualifying earnings bands for 2019/20, following its annual review. The auto-enrolment earnings trigger determines who is eligible to be automatically enrolled into a workplace pension by their employer in terms of how much they earn. The qualifying earnings band is in place in respect of which contributions […]
Read articleEmployers cannot dismiss employees who are receiving contractual long-term disability benefits for incapability due to an implied term, found the Employment Appeal Tribunal (EAT). In the case of Awan v ICTS, Mr Awan worked as a security agent for American Airlines at Heathrow Airport. As part of his contract he was entitled to an insured long-term […]
Read articleHMRC has “failed to adequately support” small businesses with the introduction of Making Tax Digital for VAT, and recommends that the government’s introduction of the digital service be delayed by at least one year. The House of Lords Economic Affairs Finance Bill Sub-Committee has published a damning report on HMRC’s Making Tax Digital for Business programme and […]
Read articleProposals to give people greater access to their pensions information have been unveiled by the government. New free, user-friendly ‘pensions dashboards’ would allow people to access their information from most pension schemes in one place online for the first time. The aim is to give people accurate, easy to understand, secure information about their pensions. […]
Read articleThe case of King v Sash Windows has been settled following several years of debate over the rights of workers to recover holiday pay where they were wrongly treated as being ‘self-employed’. In December last year, the Court of Justice of the European Union (CJEU) ruled that workers who have not taken paid leave because they were […]
Read articleSome pension savers have been incorrectly receiving tax relief twice on their contributions or not receiving relief at all, HMRC has admitted. In a joint article written by HMRC and The Pensions Regulator (TPR), the two organisations revealed that they were aware of issues with giving tax relief to scheme members and attributed the problem to an […]
Read articleThis newsletter is published by HMRC’s Pension Schemes Services to update stakeholders on the latest news for pension schemes. Pension Schemes Newsletter 105 includes articles on: Of particular interest in this newsletter is the commentary on pensions tax relief. As reported by the Payroll Centre, there have been difficulties around pensions tax relief with some individuals receiving […]
Read articleFTSE 350 companies are being urged to do more to get women into senior leadership positions. The Hampton-Alexander Review 2018 report said that, although FTSE 100 companies were on track to meet the government’s target of getting a third of women into senior leadership positions by 2020, FTSE 350 firms were falling behind. The report […]
Read articleHMRC has published the latest update for pension scheme administrators about the ending of contracting-out in countdown bulletin 39. This edition discusses scheme financial reconciliation, whereby all schemes will be offered the opportunity to request their financial position. Following testing, all schemes currently in scope can request their financial position as at 7 October 2018. Schemes […]
Read articleSign up for our weekly payroll newsletter to keep informed about all the changes in the payroll industry.
.png)
