Employee Benefits

FEBRUARY 21, 2024

Firstly, the reduction does not directly benefit employers since they will continue to pay secondary (employers) NICs at the current rate of 13.8% Arguably, it may take a little pressure off employers when it comes to demand for future pay rises. Many low earners will find themselves paying tax and NICs for the first time.

Insurance 108

Insurance Employment Taxes Salary 108

Employee Benefits

APRIL 22, 2024

The frozen tax thresholds could see some employees ‘dragged’ into paying more tax and have less disposable income as a result. Employers should ask employees about their financial pressures to understand how to support them. In order to combat this, how can employers help manage employees’ financial pressures ?

Employment 59

Employment Taxes Finance Net Pay 59

Employee Benefits

NOVEMBER 17, 2022

Autumn budget 2022: The government has decided to maintain the current freeze on employers’ national insurance (NI) contribution thresholds for a further two years. Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028.

Government 105

Government Insurance Taxes Recruitment 105

Employee Benefits

AUGUST 22, 2023

UK Workplace Pension Regulations: What Every Employer Should Know In the dynamic landscape of finance, grasping the nuances of workplace pension regulations might be daunting. Therefore, it’s vital to familiarise yourself with the core pension obligations for both employees and employers. Here’s the breakdown.

Pension 52

Pension Employment Taxes Government 52

Employee Benefits

FEBRUARY 22, 2023

The employee saves the income tax and national insurance (NI) contributions and the employer makes savings on the amount of salary that has been sacrificed. A leasing organisation will lease a car to the employer, which will pay the leasing costs and manage a separate salary sacrifice agreement with its employees.

Salary 98

Salary Taxes Insurance Government 98

Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 single employer 401(k) plan is generally treated as exempt from the automatic enrollment requirements, even if the spin-off occurs after December 28, 2022. Spin-Off from Pre-SECURE 2.0

401(k) 111

401(k) Taxes Retirement Plan Employment 111