Statutory Payment Rates 2024 increased by 6.7%

The UK Government have announced the increase basis for Statutory Payment rates along with other benefits and have released the … Continue reading Statutory Payment Rates 2024 increased by 6.7%

Reduction in NI = reduction in employee salary sacrifice benefit

With the governments Autumn Statement reduction of 2% in the standard rate of National Insurance Contributions from the current 12% … Continue reading Reduction in NI = reduction in employee salary sacrifice benefit

Record wage boost for nearly 3 million workers – April 2024

Biggest ever increase to the National Living Wage, worth over £1,800 a year for a full-time worker… Since 2010 the … Continue reading Record wage boost for nearly 3 million workers – April 2024

Real Living Wage rise – what about the impact on Statutory Maternity Pay

With the real Living Wage and London Living Wage announced 10% rise on the Tuesday 24th October 2023 - real … Continue reading Real Living Wage rise – what about the impact on Statutory Maternity Pay

Significant minimum pay rise may impact employer reward strategies

Employers may need to review their reward strategies! With the proposal of the Low Pay Commission (LPC) for a significant … Continue reading Significant minimum pay rise may impact employer reward strategies

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

Autumn Statement 2022

Dear PAYadvice.UK, The Chancellor of the Exchequer, the Rt Hon Jeremy Hunt MP, made his Autumn Statement speech. The Chancellor … 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 … 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 … Continue reading Chancellor delivers plan for stability, growth and public services