In this blog, we give you a run-down of all the changes you need to know about for preparing payroll in 2024-25. Tax Rates & Allowances There has been no change to personal allowances or tax bands in England and Wales for 2024-25. In Scotland all bands have altered slightly with starter rate (19%) tax … Read more
Think you know payroll and pensions? Test your knowledge with our fiendish Halloween quiz! Trick or Treat: Employers only have to keep payroll records for the current tax year. TRICK! Employers must keep records of payment and deductions for a minimum of three years from the end of the tax year they relate to. … Read more
In this blog, we give you a run-down of all the changes you need to know about for preparing payroll in 2023-24. Tax Rates & Allowances There has been no change to UK-wide personal allowances or basic rate tax for 2023-24. In England and Wales there have however been changes to the higher (40%) and … Read more
Pensions auto-enrolment was introduced in the UK in 2012 as a government initiative to increase the number of people saving for retirement. As an employer, it’s important to understand how pensions auto-enrolment works and what your responsibilities are under the scheme. Who is eligible for auto-enrolment? Almost all UK workers aged between 22 and State … Read more