Category: Employer

Comments Off on Employer costs increase as furlough scheme winds down

Employer costs increase as furlough scheme winds down

Employer costs increase as furlough scheme winds down

Employer contributions towards furloughed workers’ wages have increased again, as the furlough scheme prepares to close for good on 30 September 2021.  Officially introduced at the start of the pandemic in March 2020, the scheme has supported around 11.6 million jobs in the UK to date at a cost of £66 billion. For most of … Continued

Comments Off on Employers told to issue childcare voucher reminder

Employers told to issue childcare voucher reminder

Employers told to issue childcare voucher reminder

Employers should remind working parents that they can reduce contributions into the childcare voucher scheme while they work from home.  Since the start of the COVID-19 pandemic, many employees have been working from home and have used less paid childcare due to lockdown restrictions forcing nurseries and after or before-schools clubs to close. Subsequently, HMRC … Continued

Comments Off on Workplace pension contributions bounce back after slump

Workplace pension contributions bounce back after slump

Workplace pension contributions bounce back after slump

Payments into defined-contribution workplace pension schemes increased in the third quarter of 2020, according to the Office for National Statistics (ONS). During the first national lockdown last spring, many employees stopped or reduced contributions into their workplace pensions to save money amid fears of being made redundant or losing their jobs. Data from the ONS … Continued

Comments Off on National living wage to increase alongside age threshold fall

National living wage to increase alongside age threshold fall

National living wage to increase alongside age threshold fall

Employers of low-paid workers in the UK will have to absorb another rise to the national living wage and pay it to over-23s from April 2021, the Chancellor has confirmed. Rishi Sunak confirmed the increase in his Spending Review 2020, in which it was announced the national living wage will increase from £8.72 to £8.91 … Continued

Comments Off on Furlough scheme extends UK-wide until the end of March

Furlough scheme extends UK-wide until the end of March

Furlough scheme extends UK-wide until the end of March

The furlough scheme has been extended until 31 March 2021, following a temporary extension last month.  The scheme was initially extended until 2 December 2020, prior to a second national lockdown in England. That guaranteed furloughed workers 80% of their salary – up to £2,500 – for hours not worked during the last four weeks. … Continued

Comments Off on Commission set to recommend national living wage freeze

Commission set to recommend national living wage freeze

Commission set to recommend national living wage freeze

Ministers are reportedly considering halting plans to implement the planned national living wage increase from next spring. The national living wage is currently set at £8.72 an hour for people aged 25 and over until 31 March 2021. Chancellor Rishi Sunak said in this year’s Spring Budget that “forecasts would see the rate rise to … Continued

Comments Off on Furloughed workers get redundancy pay protection

Furloughed workers get redundancy pay protection

Furloughed workers get redundancy pay protection

The Government has closed a loophole which allowed employers to make furloughed staff redundant on reduced pay under the furlough scheme. The new law kicked in on 31 July 2020 to ensure furloughed workers who are made redundant receive redundancy pay based on their normal wage. Employees who are made redundant after more than two … Continued

Comments Off on MPs: Let opted-out workers re-enrol earlier into pensions

MPs: Let opted-out workers re-enrol earlier into pensions

MPs: Let opted-out workers re-enrol earlier into pensions

Employees who opted out of their workplace pension due to COVID-19 should be encouraged back into saving sooner than auto-enrolment rules would usually allow, a Government committee has said. Under current auto-enrolment rules, employees aged between 22 and state pension age who earn more than £10,000 a year are automatically enrolled into a workplace pension … Continued

Comments Off on Government clarifies furlough scheme stance for employers

Government clarifies furlough scheme stance for employers

Government clarifies furlough scheme stance for employers

Only employees who have been furloughed for at least three weeks on or before 30 June 2020 are eligible for the final phase of the scheme.  Employers had until 10 June 2020 to place any workers on the job retention scheme if they wanted to take advantage of it until 31 October 2020. Jeremy Coker, … Continued

Comments Off on COVID-19 postpones off-payroll extension to the private sector

COVID-19 postpones off-payroll extension to the private sector

COVID-19 postpones off-payroll extension to the private sector

The Government has delayed extending the controversial off-payroll working rules to the private sector, as the UK fights to contain the coronavirus pandemic. Hot on the heels of announcing a £350 billion support package for struggling businesses, the Treasury pulled the plug on the extension less than three weeks before it was due to kick … Continued