Every employer must pay its employees at least the relevant national minimum wage (NMW) rate. If you decide to pay your employees in excess of the NMW rates, can you pay over 25s more than under 25s? If you want to pay enhanced rates of pay according to age, your pay bands must exactly mirror […]

HMRC imposed a record £860m in penalties on individual taxpayers in 2018-19, up 24% from £694m the previous year, according to accounting group UHY Hacker Young According to the accounting firm, an increasing number of people are struggling to make tax payments on time which has led to a steep increase in the value of […]

The volume of businesses using gift cards as part of their reward, incentive and loyalty schemes has seen a significant uplift year-on-year, according to the latest research published by the UK Gift Card & Voucher Association (UKGCVA). The State of the Nation report, compiled by GlobalData and sponsored by First Data, found that the B2B gift card market […]

The Financial Conduct Authority (FCA) and The Pensions Regulator (TPR) are urging employers to get to know their responsibilities and help protect staff from becoming victims of pension scammers. The regulators recommend four simple steps that employers can share with their staff to protect them from pension scams: Reject unexpected pension offers whether made online, […]

A recent survey of employers reveals that 35% currently offer their employees access to financial advice, compared to 12% last year.   Research from WEALTH at work has found that increasing numbers of employers are now offering financial advice as part of their workplace benefits.   Jonathan Watts-Lay, Director, commented that regulated financial advice can help employees […]

New research finds one in six workers are in insecure, low paid work, with millions facing cancelled shifts, a lack of stable hours, or short-term contracts.   The Living Wage Foundation has launched Living Hours, a major new programme to tackle widespread insecurity over hours and provide workers with real control over their lives. The scheme […]

New analysis from the Association of British Insurers (ABI) reveals alarmingly low levels of retirement readiness – putting a lifetime of saving at risk.   The analysis found that more than 62,000 people accessed some of their pension for the first time during a six-month period last year, but 34% haven’t taken any form of financial advice. […]

It is now a year since the General Data Protection Regulation (GDPR) came into force and findings from ADP show that the regulation has had a positive impact on employee confidence around data security.   More than half of respondents (53%) say that they feel confident that their data is stored responsibly and securely by their employer, […]