It was recently announced that HM Revenue and Customs has published a Tax Information and Impact Note (TIIN), providing information about the introduction of the voluntary Class 3A National Insurance Contributions. This new system will allow pensioners and those reaching State Pension age before 6th April 2016 the opportunity to improve their retirement income by […]

Last week it was announced that The UK Employment Appeal Tribunal (EAT) has ruled under the Working Time Regulations (WTR) that non-guaranteed overtime should be factored in when calculating the amount of holiday pay that an employee is entitled to. We’ve provided you the answers to the most frequently-asked-questions surrounding this news. What holidays are […]

It has been announced this week that millions of taxpayers will receive a new annual tax payments summary under a new scheme introduced by George Osbourne. This new scheme, which at least 30 million income tax payers adhere to, means they will receive an illustrative breakdown of where their tax money goes from HMRC. Summary […]

From April 2015, it’s been announced that savers will have more freedom to as much (or as little), as they want their pension. We’ve summarised all the changes in this article for you to help you get the need-to-know. The Main Change Currently, savers are able to take 25% of their pension in a tax-free […]

Last week it was announced that the Government is reforming the statutory pay and leave entitlements available to employed parents. The existing scheme titled ‘Additional Paternity Leave and Pay’ will be replaced with ‘Shared Parental Leave’ (SPL) and ‘Shared Paternal Pay’ (ShPP), enabling fathers and partners to take a greater role in caring for a […]

More companies nowadays are beginning to outsource their payroll as opposed to keeping it in-house, so we thought it’d be a good idea to provide you with some of the benefits to doing the same. This article also gives some information about keeping your payroll in-house.   Whatever the size of your organisation, you have […]

Some employees are often unaware that benefits in kind exist, so we’ve decided to give you a guide on what you need to know on benefits in kind and what there is available to you at your workplace.   What are Benefits in Kind?   Benefits in kind are benefits that employees receive from their […]

Yesterday the National Minimum wage rose to £6.50 an hour, part of a series of increases which the Government believes will boost the pay packets of more than a million people by up to £355 a year. As part of this, employers are being warned to ensure staff receive the increased minimum wage rates from Wednesday, or […]

It was only a few months ago when several changes were made to the Flexible Working hours scheme. At Stipendia, we’ve decided to give you all you need to know on the scheme and give you some insight into what the scheme is. What is Flexible working? Flexible working is a term to describe a […]

Many people sometimes dismiss the idea of saving for their later years, but the new auto enrolment scheme launched in October 2012 has seen 4 million lower-paid employees signed up to a workplace pension for the first time. At Stipendia, auto-enrolment is one of the many factors we deal with on a day-to-day basis, so […]