Although, the above is good news to the workers who were disadvantaged in the past, the overall cost to employers cannot be underestimated. Some may reduce salaries, take on less staff, - all negative actions that will potentially stifle growth in an economic climate that was showing signs of recovery.
I want my Holiday Pay!
Published on 6th November 2014
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Not only are there financial implications, you also need to consider a range of other factors in implementing auto-enrolment: Is your payroll software up to the challenge of coping with auto-enrolment? Who do you want your pension scheme provider to be? What and when do I have to communicate auto-enrolment changes to my staff?
Remember Remember …Mandatory Employer Auto-Enrolment Pensions
Published on 5th November 2014
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The OECD put it quite succinctly when they stated that “in an increasingly inter-connected world, national tax laws have not kept pace with global corporations, fluid capital and the digital economy, leaving gaps that could be exploited by companies to avoid tax in their home countries by pushing activities abroad to low or no tax jurisdictions.”
Transfer Pricing – Coming out of the OECD
Published on 20th October 2014
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The new rules are to be introduced from 6thApril 2015. What we end up with is an effective lower rate of tax on sums drawn from a pension of 15% for a basic rate tax payer and 30% for a higher rate tax payer.
Pension changes – is this the death of the tax free lump sum?
Published on 15th October 2014
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