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Nearly 20% of women nearing retirement age do not currently have any private pension savings and will have to rely on the state pension, according to the LV State of Retirement Report 2014. The report, which surveyed 1,538 adults over the age of 50 in the UK, found that only…
Matthew Thompson | 23rd April 2014 | 1 min read
NOW: Pensions has revealed that almost one if five businesses are planning to contribute more than the required minimum amount when enrolling their employees into a workplace pension as part of auto enrolment. In the recent survey of 450 SMEs, NOW: Pensions found that 8% were planning to pay more…
Matthew Thompson | 17th April 2014 | 2 min read
Did you know that on 6th April this year the government introduced the Employment Allowance, meaning that you could potentially reduce your employer Class 1 NICs by up to £2,000 each financial year? You are eligible to claim the Employment Allowance if you are a business or charity paying employer…
Matthew Thompson | 15th April 2014 | 1 min read
From 29th April 2014 consumers across the UK will be able to use mobile phone numbers to make bank payments. Instead of needing bank details, account holders will be able to pay friends, family members or businesses with just their mobile phone number, according to the Payments Council. Both parties…
Matthew Thompson | 4th April 2014 | 2 min read
To coincide with the 15th anniversary of the introduction of the National Minimum Wage (NMW), HMRC officers have compiled a list of ten of the most elaborate and ridiculous excuses they have received from employers who are not paying the minimum wage. An employer said a woman on the premises…
Matthew Thompson | 3rd April 2014 | 2 min read
HMRC has released updated information in time for payroll year end which highlights the importance of data accuracy as well as providing tips on how to avoid duplicate employment records. Since HMRC first announced Real Time Information (RTI) IRIS has been stressing the importance of data accuracy. This was not…
Matthew Thompson | 25th March 2014 | 1 min read
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