The Chancellor has this afternoon delivered his Spring Budget and there’s good news for the professional recruitment sector. The ‘back to work’ ethos underlying much of the Budget should be a boon to recruiters, as should investment and reliefs focused on key professional sectors, such as finance, life sciences, nuclear and AI.Here are some highlights and key points for businessTaxation and wagesCap on amount workers can accumulate in pensions savings over their lifetime before … [Read more...]
Could the National Living Wage be going up?
It’s the Conservative Party Conference this week, and Boris Johnson has raised speculation that the National Living Wage could be set for an increase.It seems his goal is to move the country “towards a high wage, high skill, high productivity economy”. They could potentially be just a few weeks away from signing-off on this rise.Under the new measures, earners over the age of 23 could receive around £9.42 an hour. This would come into effect from the start of the new tax year, April … [Read more...]
Umbrella Company or PAYE?
Understand the difference and find out which is the right option for you. Opting to work through an umbrella company is an increasingly popular payroll option in the UK for temporary workers and contractors. However, the understanding of what this actually means for workers is still largely misunderstood. This article aims to highlight in simple terms the differences between umbrella companies and agency PAYE systems; their functions and how worker payroll is processed. This article … [Read more...]
Tax-Free Childcare
In March 2016, the Government confirmed their plans for a Tax-Free Childcare scheme to be rolled out gradually from early 2017. Tax-free Childcare will provide working parents and now self-employed workers with another option for tax savings on their childcare direct through the Government.You can sign up for Tax Free Childcare now! This is a great step for working parents as this will help all those employed and now those self-employed.Childcare vouchers will remain in place and you … [Read more...]
Theresa May’s Brexit plans and their impact on employment law
Theresa May’s speech was welcomed by businesses who are seeking clarity on the long term plans for Brexit. Whilst certainty was provided on certain areas, such as whether the UK will remain a member of the single market, other areas remain deliberately vague as the final position is unknown due to the need to negotiate with the European Union (EU).For many employers, the Prime Minister’s confirmation that immigration will be controlled domestically is one of the most important objectives of … [Read more...]