The government has vowed to undertake a revamp of the current student loans repayment system. Furthermore, from April 2020, the payment threshold will increase. Graduates will therefore, only be required to start paying back their loan if they earn over £26,575 per year. In a move designed to modernise the system, the government intends to […]

The government has launched a review into the new off-payroll working rules, known as IR35. That are due to come into effect on 6 April 2020. The review, which was promised by Chancellor Sajid Javid in the run up to last year?s General Election, was officially launched on 7 January. It will gather information from […]

Millions of UK workers will see their pay rise. The government has made the biggest ever cash increase in the legal minimum wage. The government has announced a 6.2% increase in the National Living Wage (NLW), which applies to workers aged 25 and over. The NLW will rise from the current rate of £8.21 to […]

UK businesses are experiencing longer waiting times as they chase late payments, according to research from online business lending platform MarketFinance. The research found that delays to payments have almost doubled from 12 days in 2018 to 23 days this year. The business finance platform analysed late payment trends between 2013 and 2019, examining over […]

The gender pay gap will take ‘another century to disappear’, according to the World Economic Forum (WEF). Data published by the WEF revealed that the time it will take for the overall gender pay gap to close has fallen to 99.5 years from 2018’s prediction of 108 years. The WEF stated that pay parity between […]

Often collected through payroll, student loan repayments are set to change in April 2020. The amount deducted from employees pay is determined by the level of earnings, and plan type. Here at Payroll Hub we are able to make the necessary calculations and deductions automatically.  Regarding student loan repayments, these are taken at 9% of […]

The expansion of the off-payroll rules into the private sector will be reviewed, says Chancellor of the Exchequer Sajid Javid. In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income cut significantly. HMRC also shifted the responsibility for compliance from the individual contractor to a public body or […]