cipHR
NOVEMBER 15, 2021
It’s worth remembering that it’s an employee’s responsibility to check they’re on the right tax code, as it impacts how much tax they pay – whether it’s too much tax or too little. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.
cipHR
NOVEMBER 15, 2021
If there’s an annual increase going through, or someone’s just had a promotion, or it’s the start of the new tax year, for example, then they’ll be much more inclined to check how much they are being paid. Anything that is likely to change earnings, tax codes or NI letters, for example. “If
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Workers' Compensation Perspectives
DECEMBER 27, 2019
The inequity of the “two-thirds” of average earnings compensation rate was highlighted in the National Commission on State Workmen’s Compensation Laws (1972) report. The Commission, chaired by John F. noted that gross pay results in inequities—uneven results for workers due to tax factors and number of dependents, concluding “.spendable
Workers' Compensation Perspectives
OCTOBER 29, 2019
There is no universal standard for the percentage of gross or net (often referred to as “spendable” earnings). Exactly which portions of total compensation go into the calculation of gross may vary (see section on excluded earnings). The Commission, chaired by John F. Burton, Jr.,
Workers' Compensation Perspectives
NOVEMBER 22, 2019
Only two states meet the National Commission ’s recommendation of at least 80% of spendable (Net) earnings. [ The National Commission on State Workmen’s Compensation Laws (1972) recommended a compensation rate moving to at least 80% of spendable earnings]. As noted in my previous post, the National Commission , chaired by John F.
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