The New 52 Week Reference Period for Holiday Pay
Calculating Holiday Pay Using the 52 Week Reference Period Starting on April 2020, the holiday pay reference period will be increased from 12 to 52 weeks. This is to ensure that the calculation of holiday pay for employees in various roles ensures all are being treated equally and fairly. This change is as a result of the Employment coming into force from April 2020 (in Great Britain). It is a change that will help ensure that those workers in seasonal or atypical roles get the paid time off...
Student Loans and Payroll ? How Do They Work? Can Graduates Overpay?
The repayment of student loans takes place through the payroll, with payments being deducted from employees' pay when they start earning over the minimum threshold. As you would expect, deductions are taken from a student's weekly or monthly pay and paid to HMRC by the employer. The whole system is run by the Student Loan Company, whose data shows how much of the loan a student has paid off, and when they have finished paying off the loan. However, the Student Loan Company is only informed of...
Gender pay gap reporting
Gender pay gap reporting, introduced in April 2017 for employers with 250 or more staff, is not seen as an unqualified success. That said, it is still worth working with your outsourced payroll provider to ensure that you are as complaint as possible, even if your business is less than 2500 employees strong and does not qualify for gender pay gap reporting. We look at this issue in this article. The Gender Pay Gap Still Exists The BBC reported earlier this year that the pay gap widened at...
Payroll Giving and Outsourced Payroll Companies
Payroll giving is becoming increasingly popular. Data from HMRC shows that the number of individuals who signed up to Payroll Giving grew by 52,000 in 2018/19 compared to the previous year. So, what is Payroll Giving and how can outsourced payroll providers like JLP help? What is Payroll Giving? Payroll Giving allows people to give money to charity without paying tax on it. In order to do this, it must be paid through the PAYE system from that person's salary/wages or their pension. It is...
New Benefits that Payrolls Must Manage. They are Growing in Number
New types of employee benefits are appearing all the time, as part of the drive to help attract new employees and retain existing ones. However, these new benefits need to be handled efficiently and effectively through the payroll ? and that adds extra administration time. In this article we look at five new benefits that are becoming popular. Five new benefits for Payroll to Administer Car Salary Sacrifice. Car salary sacrifice is again becoming more attractive for carbon friendly employees,...
