Payroll Services and Salary Sacrifice
Salary Sacrifice and the Effect on Payroll Services. At JLP we specialise in providing an outsourced payroll service to our clients which is quick, efficient and accurate. Thanks to government legislation, via HMRC, there are always new trends (and rules) to be aware of and comply with, many of which impact on Payroll. One increasingly popular trend, the subject of this article, is Salary Sacrifice, which, as you would expect, does have an impact on payroll and the payroll services that we...
Payroll Services for Holiday Pay and Overtime
Payroll Services - Holiday Pay and Overtime When it comes to Payroll Services, especially outsourced Payroll Services such as ours, it is vital to keep up with the changes in payroll legislation to ensure everything runs smoothly. In recent months, we have noticed that holiday pay on overtime is becoming an increasing problem as many companies are unaware that holiday pay is calculated on overtime as well now. So here's a bit more detail on this topic. In November 2014, the Employment Appeal...
Minimum Wage Increase and Payroll Services
New National Minimum Wage Rates Rise From 1st October 2015 The Minimum Wage levels are an important part of the Payroll Services that we at J L Payroll provide for our clients, and they change every year. The government has just announced that from October 1st 2015 the national minimum wage rates are to increase by 3% for workers aged 18 and over and 2% for 16-17 year olds, whilst the apprentice rate will increase by 21%. The new minimum wage rates are as follows: For workers aged 21 and over,...
Workplace Pensions and Minimum Employer Contributions
What do Employers have to contribute to Workplace Pensions? With Workplace Pensions already upon us, for employers and for us in the world of payroll services, it's probably worth reminding people that employers must contribute at least 1% of employees? salaries from their staging date until 30 September 2017. This rises to at least 2% from 1 October 2017 until 30 September 2018, and rises again until at least 3% from 1 October 2018 onwards. The key phrase there, of course is 'at least', and...
Workplace Pensions and Payroll Services
Why an outsourced Payroll Service can help with Workplace Pensions Workplace Pensions have been around for a while now and have become part of life for companies in the UK. Indeed the Office for National Statistics (ONS) confirms that total contributions to workplace pensions are increasing following the introduction of auto-enrolment in 2012. Don't Get Caught out It is the responsibility of all employers to make a minimum contribution to their employees? pensions, starting at a level of 1%...
