News
This is where members of the Numerus team will post blogs that share their professional expertise. We’ll also keep you up to date with industry news, focussing on what it might mean for you and your business.
AE: auto-escalate contributions
Pensions minister Steve Webb is urging employers to voluntarily auto-escalate their pension contributions in a bid to ensure workers have a comfortable retirement. Speaking at a conference in London yesterday Webb said that to ensure good pension outcomes for workers auto-enrolment contributions would need to rise higher than the 8% (3% employer, 4% employee and... View Article
Proposed NMW rise to £6.50
An increase in the National Minimum Wage (NMW) of 3% has been recommended by the Low Pay Commission (LPC). A report by the independent body, released this week, concluded that the minimum hourly rate should rise to £6.50 for adults and to £5.13 for the Youth Development Rate. The final decision on whether to implement... View Article
Earnings tax
Goodbye National Insurance – Hello Earnings Tax According to a report in The Daily Telegraph National Insurance could be renamed earnings tax. Ben Gummer MP, a Tory backbencher who has been campaigning on tax transparency, will propose the change in a Commons Bill on Tuesday. The proposed change, which apparently has Treasury backing, would be... View Article
PAYE/NI payments and deadlines
This guide provides an overview of the PAYE/NI payments and deadlines: monthly, quarterly or annually PAYE (Pay As You Earn) including student loan deductions Construction Industry Scheme (CIS) payments and Class 1 National Insurance contributions (NICs) annual payments of employers’ Class 1A NICs annual PAYE Settlement Agreements (PSA) payments It also tells you about late... View Article