August 2, 2016
The responsibility of choosing a suitable workplace pension is one that weighs heavily on the minds of many a small business owner. After all, most employers running their own business are experts in their field of business and not in … Continue reading
August 2, 2016
Every employer has to comply with workplace pension duties and there are costs involved. Even if you don’t have to enrol any eligible staff you’ll need to spend time, if not money, on making sure you stay within the law. … Continue reading
August 2, 2016
When an employee contributes to a pension scheme they get a contribution from the Government in the form of tax relief. There are two ways that tax relief is applied; at source or through net pay. Net pay arrangement With … Continue reading
July 19, 2016
Because we spend a lot of time reading The Pensions Regulator (TPR) guidance on auto enrolment and answering our client’s queries and know how tricky it can be to find the right bit of information when you need it, we’ve … Continue reading
February 25, 2016
Duncan Reeves, Employee Benefits Specialist at Sanlam Wealth Planning, explains how Government arm-twisting over workplace pensions is leading to a reluctance for many SMEs to prepare. I spend a great deal of time working with the SME community and two … Continue reading
February 15, 2016
If you employ freelancers or contractors you may have to enrol them into a Workplace Pension scheme, explains Steve Brice, Business Development Manager for LP Auto Enrolment Services. The law on workplace pensions has changed. Every employer with at least … Continue reading
October 26, 2015
Under the workplace pension rules you may have to provide your workers with a pension by your staging date or duty date. Before you set up a scheme you’ll need to work out which category of ‘worker’ your employees falls … Continue reading
October 19, 2015
National Insurance (NI) is paid by both employers and employees. By paying NI contributions employees qualify for certain benefits such as the State pension and maternity leave. Employees pay Class 1 NI if they’re: 16 or over earning above £155 … Continue reading
October 16, 2015
If you pay expenses or benefits to your staff or directors you will need to tell HMRC and pay tax and National Insurance (NI) on them. Benefits include: Health insurance Company cars Travel and entertainment expenses Childcare Here’s a full … Continue reading
October 16, 2015
You must give your staff a payslip every time they get paid, whether that’s every two weeks or every month. This will show you how much they’ve been paid and how much tax and National Insurance have been taken away. … Continue reading
