Month: November 2022

Statutory Parental Payment increased by 10.1% from April 2023 to £172.48

Following the governments Autumn Statement on 17th November 2022 and indication that benefits would rise by 10.1%, it has been confirmed that the standard rate for: Statutory Maternity Pay (SMP) Shared Parental Pay (ShPP) Statutory Paternity Pay (SPP) Statutory Adoption Pay (SAP) And Statutory Parental Bereavement Pay (SPBP) will increase from the current £156.66 to … Continue reading Statutory Parental Payment increased by 10.1% from April 2023 to £172.48 →

Payroll 2023-24: Allowances, Rates and Thresholds from 6 April 2023

Dear PAYadvice.UK, Following the Autumn Statement of 17 November 2022 we can confirm the following information for payroll 2023-24. Where details are not currently known these are marked as TBA and we will provide further information as soon as we receive it. 2023-2024 Personal Allowance: £12,570PAYE Thresholds: Weekly: £242Monthly: £1,048Standard / Emergency tax code: 1257LTax Code uplifts: … Continue reading Payroll 2023-24: Allowances, Rates and Thresholds from 6 April 2023 →

Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator

An employer who provides childcare vouchers to employees are required to undertake an annual Basic Earnings Assessment (BEA) prior to the start of a new tax year to define the tax and NIC free amount of ChildCare Vouchers (CCV) allowed. The rates and limits available are set by the Westminster parliament and apply across the … Continue reading Child Care Vouchers – 2023/2024 Basic Earnings Assessment Calculator →

Drive to help over 50s re-join the jobs market

Over nine million 50+ workers now on payrolls, an increase of more than 210,000 since last year. Network of dedicated 50PLUS: Champions now in place across England, Scotland and Wales Builds on £22 million funding boost secured to support older workers Dozens of 50 PLUS Champions tasked with helping older workers into work are now … Continue reading Drive to help over 50s re-join the jobs market →

HMRC Loan charge discovery assessments

Disguised remuneration loan schemes were used to avoid paying Income Tax and National Insurance contributions. Those classed as having a disguised remuneration loan, when they receive payments for work or services in the form of a loan or other form of credit in a way that they were unlikely to be repaid. The Low Income … Continue reading HMRC Loan charge discovery assessments →

Autumn Statement 2022

Dear PAYadvice.UK, The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor set out the government’s plan to put public spending on a sustainable footing and get debt falling, while protecting vital public services and prioritising the needs of the most vulnerable. Full details are set out … Continue reading Autumn Statement 2022 →

National Minimum and Living Wage rise for April 2023

The government states it is committed to ending low pay. From 1st April 2023, the National Living Wage (NLW) will increase by 9.7% to £10.42 an hour for workers aged 23 and over - the largest ever cash increase for the NLW. This represents an increase of over £1,600 to the annual earnings of a … Continue reading National Minimum and Living Wage rise for April 2023 →

Chancellor delivers plan for stability, growth and public services

The Chancellor has, Thursday 17th November 2022, announced the Autumn Statement, its aim to restore stability to the economy, protect high-quality public services and build long-term prosperity for the United Kingdom. Chancellor unveils a plan for stability, growth, and public services. Tackling inflation is top of the priority list to stop it eating into paycheques … Continue reading Chancellor delivers plan for stability, growth and public services →

Reward and Payroll Summit – part 2 – The 4 day week

Ann-Marie Wittan So the next sessions go into streams and I’ve attended one covering the move from a 5 day week to 4 at Atom bank. They dipped from 37.5 to 34 without dropping pay. Work could be completed across 5 days but could be worked in 4. Productivity has increased. Employees enjoy coming to … Continue reading Reward and Payroll Summit – part 2 – The 4 day week →

Reward and Payroll Summit – part 2 – The 4 day week

Ann-Marie Wittan So the next sessions go into streams and I’ve attended one covering the move from a 5 day week to 4 at Atom bank. They dipped from 37.5 to 34 without dropping pay. Work could be completed across 5 days but could be worked in 4. Productivity has increased. Employees enjoy coming to … Continue reading Reward and Payroll Summit – part 2 – The 4 day week →

Reward and Payroll Summit 2022 – part 1

Thursday 17th November 2022, and great to be amongst payroll and reward professionals at the Reward & Payroll Summit at the London Hilton Bankside. Jeremy Campbell, CEO Black Isle Group Jeremy Campbell covered the six principle to crush your goals. Ever wondered how Olympians win gold medals? Jeremy Campbell, CEO of Black Isle Group, explains … Continue reading Reward and Payroll Summit 2022 – part 1 →

Early education vital for children born during lockdown

Ofsted has published the first in a series of reviews on early years education. The review underpins the inspectorate’s new strategic focus on early education and giving children ‘the best start in life’ following the Covid-19 pandemic. The report draws on a range of research to consider how early years practitioners deliver high-quality education for … Continue reading Early education vital for children born during lockdown →

Time’s up for rogue landlords

Government toughen inspection of failing landlords and improve support for residents in supported housing. Rogue landlords who exploit the supported housing system at the expense of vulnerable residents could be banned from operating or fined up to £30,000 as enforcement is stepped up across the country. A £20 million government fund will support councils to … Continue reading Time’s up for rogue landlords →

Nation falls silent on Remembrance Sunday

National two-minute silence takes place to remember those who died in conflict Members of the Royal Family and senior politicians will lay wreaths at the Cenotaph Around 10,000 Royal British Legion veterans will march past the Cenotaph to pay tribute to their fallen comrades A national two-minute silence led by His Majesty The King will … Continue reading Nation falls silent on Remembrance Sunday →

Payroll Service Summit – part 2

The afternoon has started with a welcome back from Paul Spiers of Experian. Paul Spiers Experian (by psp 2022) Experien are creating a digital verification of employment information by accepting data from multiple payroll sources. (by psp 2022) The next session was introduced by Samantha O’Sullivan of the CIPP on the topic of Pay On … Continue reading Payroll Service Summit – part 2 →

Ten years of Automatic Enrolment – over £114bn pension savings

Automatic Enrolment has helped millions put more into their pension pots than ever before, according to new figures released to mark 10 years since the policy was introduced. In 2021, employees across the UK saved £114.6 billion into their pensions. This is a real terms increase of £32.9 billion compared to 2012, when Automatic Enrolment … Continue reading Ten years of Automatic Enrolment – over £114bn pension savings →

Payroll Services Summit 2022 – Part 1

Setting for the Payroll Services Summit 2022 (by psp 2022) It’s great to be amongst the payroll service community at the summit on Thursday 10th November 2022 at the London Science Museum at Illuminate 5. With the Underground on strike, many will have enjoyed walks on what is a dry weather day with reasonable warm … Continue reading Payroll Services Summit 2022 – Part 1 →

New Minister for Pensions – Laura Trott

Laura Trott is the new Minister for Pensions with responsibility for pensioner benefits including the State Pension, private and occupational pensions, and oversight of arms-length bodies such as the Pensions Regulator Laura Trott was appointed Parliamentary Under Secretary of State at the Department for Work and Pensions on 27th October 2022 and confirmed as Minister … Continue reading New Minister for Pensions – Laura Trott →

Online payment plans help 21,600 pay their Self Assessment bill

Self Assessment filers are using the self-serve Time to Pay facility to spread the cost of their tax bill. Since 6th April 2022, almost 21,600 Self Assessment filers who were unable to pay their tax bill in full have set up a payment plan to spread the cost into manageable monthly instalments – an increase … Continue reading Online payment plans help 21,600 pay their Self Assessment bill →

Reversal of National Insurance Increase takes effect

From today , 6 November 2022, the 1.25% point cut to National Insurance rates for employees and employers takes effect across the UK. The reversal of April’s rise in National Insurance takes effect across the UK from today Added to July’s increase in National Insurance thresholds, almost 30 million people will be £500 better off … Continue reading Reversal of National Insurance Increase takes effect →

8th May 2023 Bank holiday proclaimed

The Prime Minister has proclaimed an additional bank holiday to mark the Coronation of His Majesty King Charles III. The bank holiday will fall on Monday 8th May 2023, following the Coronation on Saturday 6th May 2023. In line with the bank holiday to mark Her Majesty Queen Elizabeth II’s Coronation in 1953, this will … Continue reading 8th May 2023 Bank holiday proclaimed →

19 million plus households have received council tax rebates

The government is extending the deadline for claims as over 99% of households receive the payment. 99% of eligible households have received £150 council tax rebate The government is extending the deadline for councils to ensure as many eligible households as possible receive the payment Council tax rebate forms part of £37 billion package rolled … Continue reading 19 million plus households have received council tax rebates →

Free legal advice pilot helping people facing financial difficulties

Around 20,000 people facing debt difficulties will be invited to receive free early-stage legal advice through a new pilot launched by the government 31st October 2022. Free early legal advice for thousands facing debt, housing and welfare benefit difficulties Legal advice to help stop people falling into further debt and having to appear in court … Continue reading Free legal advice pilot helping people facing financial difficulties →