Student Loans. Thresholds have risen. Make sure your payroll processes up to date?

At the start of the new tax year in April 2021, the thresholds for student loans increased, which will affect employees that are repaying their academic fees. The thresholds are: Student loan Plan 1 increased from £19,390 to £19,895 from this date, Employees on Plan 2 saw their student loan threshold rise from £26,575 to …

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Why Outsource your Payroll?

Calculating pay can be complicated, especially during the last 12 months because of the Furlough scheme. The key, of course, is for us to take everything off our clients’ desks and deliver what they need quickly and accurately, so they can get on with running their business. We have the experience and expertise to deal …

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Redundancy Pay and Payroll

Redundancy is likely to be a growing consideration for many businesses during this difficult Covid-19 period, especially as the Coronavirus Job Retention Scheme (CJRS) draws nearer to closing at the end of October 2021. If you do have to make people redundant, you must pay redundancy pay to employees who have an employment contract and …

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Payroll News – National Living Wage April 2021: 23-year-olds AND OLDER to receive increase

The Government has confirmed that the age from which workers become eligible for the national living wage will reduce to 23 (from 25), from April 2021 In his comprehensive spending review in November 2020, the Chancellor Rishi Sunak confirmed that the national living wage (NLW) will increase 2.2% to £8.91 from 1 April 2021 and …

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Are Statutory Notice Periods No Longer Included in Furlough?

In November 2020 the government announced that the Coronavirus Job Retention Scheme would be continuing until 31st March (now extended to the end of April 2021). The announcement confirmed that employees on payroll as at 30 October would be eligible for the payments providing the business had made a PAYE RTI submission to HMRC since …

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