The
Employment Tax laws are changing again, and they will take place from 6th April
2018. It is important that all employers are aware of these changes and
consider how this will impact your company. You should also make any necessary
communication with your staff.
Auto
Enrolment
All
employers will have to provide a workplace pension for all staff members that
qualify by the April 2018 deadline and most already do.
Take a look at the table below to see the minimum contributions that must be
met by both the employer and employee:
|
|
Minimum
Employer Contribution
|
Minimum
Employee Contribution
|
Total
Minimum Contribution
|
|
Currently
|
1%
|
1%
|
2%
|
|
6th
April 2018
|
2%
|
3%
|
5%
|
For more information on work place pension please visit the gov.uk website or
click here
National
Minimum Wage and Living Wage
There are
different hourly rates of National Minimum Wage and this depends on the age of
the members of your team. If staff are 25 years and over, then they will get
the National Living Wage. As an employer you are legally obliged to pay the
National Minimum and Living Wage.
|
|
25
and over
|
21 to 24
|
18 to 20
|
Under 18
|
Apprentice
|
|
Currently
|
£7.50
|
£7.05
|
£5.60
|
£4.05
|
£3.50
|
|
1st
April 2018
|
£7.83
|
£7.38
|
£5.90
|
£4.20
|
£3.70
|
Apprentices are entitled to the apprentice rate if they're either aged under
19, or, aged 19 or over and in first year of apprenticeship. Apprentices are
entitled to the minimum wage for their age if they are both aged 19 or over and
have completed the first year of their apprenticeship. More information can be
found here or if you want to see previous years minimum
hourly rates
If you would
like to speak about these changes that are to come in to place or what steps
you need to take, then please call us on 02920 653995
