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Email: info@completebookkeeping.co.uk

MAYPAYE

Ringwood, New Forest, Hampshire BH24 1HE

Payroll

RTI

 

On 6 April 2013 PAYE reporting changes. This guidance only reflects information employers need up to that date. For the latest guidance please go to Operating PAYE in real time

 

 

Common forms you no longer need

 

Some of the main forms you will be familiar with won't be used once you start operating PAYE in real time.

 

 

New The National Living Wage (NLW) rate with effect from 1st April 2016.

 

From 1 April 2016 workers aged 25 and over will be legally entitled to a new minimum pay rate of £7.20 per hour, called the National Living Wage (NLW).

As an employer you’ll need to check which staff are eligible for the new rates and update your payroll in time.

 

The National Minimum Wage rates have increased with effect from 1st October 2015.

 

Workers aged 21 and over - £6.70 per hour

Workers aged 18 to 20 years old - £5.30 per hour

Workers aged 16 to 17 years old - £3.87 per hour

Apprentice rate – £3.30 per hour

(For apprentices under 19, or over 19 and in the first year of their apprenticeship)

 

*This rate is for apprentices aged 16 to 18 and those aged 19 or over who are in their first year. All other apprentices are entitled to the National Minimum Wage for their age.

 

The rates are usually updated every October - the current rates apply from October 2015.

 

The National Minimum Wage rates have increased with effect from 1st October 2014.

 

Workers aged 21 and over - £6.50 per hour

Workers aged 18 to 20 years old - £5.13 per hour

Workers aged 16 to 17 years old - £3.79 per hour

Apprentice rate – £2.73 per hour

(For apprentices under 19, or over 19 and in the first year of their apprenticeship)

 

The National Minimum Wage rates have increased with effect from 1st October 2013.

 

Workers aged 21 and over - £6.31 per hour

Workers aged 18 to 20 years old - £5.03 per hour

Workers aged 16 to 17 years old - £3.72 per hour

Apprentice rate – £2.65 per hour

(For apprentices under 19, or over 19 and in the first year of their apprenticeship)

HMRC_Ensure

Work Place Pensions - Auto Enrolement

Employers will gradually enrol all eligible workers into workplace pensions between 2012 and 2018. Find out if you’re likely to be affected.

If you are self employed or the sole director of your own company, you won’t be automatically enrolled into a workplace pension.

 

‘Auto enrolment’

A new law means that every employer must automatically enrol workers into a workplace pension scheme if they:

• are aged between 22 and State Pension age

• earn more than £9,440 a year

• work in the UK

 

 

This is called ‘automatic enrolment’.  for more information - https://www.gov.uk/workplace-pensions

 

 

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