Outsourced Payroll Professionals

Student Loan Thresholds For 2021/22

We are 5 months into tax year 2020/21, yet already we know some thresholds that will apply for the next one: The Plan 1 annual threshold will be £19,895 (from £19,390) The Plan 2 annual threshold will be £27,295 (from £26,575) The Postgraduate annual threshold will remain at £21,000 A news story on 11 August… Read More

The Pensions Regulator Issues Stakeholder Update

At the start of August 2020, The Pensions Regulator (TPR) issued its latest ‘Stakeholder Update’. The content has four sections, which are useful to look at: News This includes, amongst other news: The new Environment, Social and Governance (ESG) reporting duties that come into force on 01 October 2020.  This is where all trustees are required to produce… Read More

Updated Coronavirus Job Retention Scheme Guidance

Further changes were made to the Coronavirus Job Retention Scheme guidance on 07 August 2020. Detailed below are the specific sections which have been updated.   Check if your employer can use the Coronavirus Job Retention Scheme A new section has been added called ‘if you’re a supply teacher’. This says that supply teachers (in… Read More

Full Redundancy Pay For Furloughed Employees

The Employment Rights Act 1996 (Coronavirus, Calculation of a Week’s Pay) Regulations 2020 came into effect on Friday 31 July 2020. The Department for Business, Energy & Industrial Strategy (BEIS) announced this ‘new law to ensure furloughed employees receive full redundancy payments’. The intention of the legislation is to ensure that any furloughed employee on reduced pay,… Read More