New employers guide through workplace pension duties Are you taking on your first member of staff as a new employer? If so, you will have workplace pension responsibilities from the moment your new staff start working for you. A great new, simple online tool from the Pensions Regulator makes it easier to understand what you have to do. By answering a … Read More
Minimum pension contributions to increase in April 2019
Minimum pension contributions rates increase again in April Minimum contributions that are set by the government for auto-enrolment will increase again in April 2019. It will be the law. The increase will take the total minimum amount to 8% (at least 3% from you as the employer). This is assuming you’re calculating minimum pension contributions on qualifying earnings. If you … Read More
National Minimum Wage Changes
There are some legislative changes taking effect from 1st October 2016 affecting the National Minimum Wage. Here are all the basics to bring you up to speed.
On 1st April 2016 the new National Living Wage (NLW) becomes law – comply or face a maximum fine of £20,000 per employee
On 1st April 2016 there’s a new compulsory minimum pay rate of £7.20 per hour for employees aged 25 and over – it’s called the National Living Wage (NLW) – this new NLW will change every year on 1st April.