Greenpay Payroll Bureau Ltd

14/02/2025

Class 1A National Insurance contributions on benefits in kind, termination payments and sporting testimonial payments 2025

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05/02/2025

Small Employers Relief increased for 2025-26

Attention all small business owners and HR professionals! Exciting news has been announced that will benefit your company and employees. The Small Employers Relief rate of compensation is set to increase to 8.5% in 2025-26. This means that if your company paid less than £45,000 in Class 1 National Insurance in the last full tax year, you qualify to claim 100% of the following statutory payments, plus an additional 8.5% compensation. This includes Statutory Maternity, Paternity, Adoption, and Shared Parental Pay, as well as Statutory Parental Bereavement and Neonatal Care Pay.

The best part? The £45,000 threshold will remain the same, making it easier for small businesses to access this relief. This is great news for employers who want to support their employees during important life events.. Stay tuned for updated guidance on GOV.UK soon. Let's continue to support and empower small businesses and their employees.

25/11/2024

When should Full payment submissions (FPS) be sent during the Christmas period?

07/11/2024

All employers with one or more staff have a legal requirement to complete a Declaration of Compliance. Even if they do not have any staff to put into a pension, they must complete the declaration to confirm they have met their automatic enrolment duties.

31/01/2024

Are you ready for the new paternity leave changes coming into force soon?

25/01/2024

Termination packages can include a variety of payments, those that are standard contractual payments such as holiday pay, bonuses and payments in lieu of notice, additional payments can be included in cases where for example, an employee is dismissed or being made redundant. Employers will typically

29/11/2023

Proposed benefits and pension rates released by DWP.

24/11/2023

Further implications of the National Insurance percentage rate cut from the Autumn Statement 2023 discussed.