Gustavo Fonseca, Author at Husky Finance

Navigating Pension Compliance: Insights from the Pensions Regulator

Ensuring compliance with pension duties is a critical responsibility for employers, yet navigating the complexities of regulatory requirements can be challenging. The Pensions Regulator (TPR) plays a vital role in overseeing pension schemes and enforcing compliance to safeguard the retirement savings of employees. Recent statistics published by the TPR shed light on the state of pension compliance among UK businesses, highlighting common errors and enforcement actions taken by the regulator.

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Why Most SMEs in the UK Haven’t Implemented Salary Exchange Yet

Salary Exchange / By Gustavo Fonseca

Salary Exchange (also known as Salary Sacrifice) is a different way of contributing to a workplace pension that allows both employers and employees to save on National Insurance contributions. This method increases take-home pay for employees and enhances cash savings for businesses, creating a win-win situation for everyone involved.

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Understanding Payroll: Why Did My Net Pay Change?

Payroll / By Gustavo Fonseca

For many employees, changes in their net pay can be perplexing and sometimes concerning. Net pay, or the amount received after deductions and taxes have been subtracted from gross pay, can fluctuate due to various factors. Understanding why your net pay may have changed is essential for financial planning and peace of mind. Here are some common reasons why your net pay may have changed.

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How to Choose a Pension Provider for Your Small Business

Workplace pension / By Gustavo Fonseca

In the world of small business management, every decision carries weight, and none perhaps more so than those concerning employee benefits. Among these, choosing a pension provider stands out as

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Navigating Payroll. Understanding P32 and How to Pay HMRC

Payroll / By Gustavo Fonseca

Payroll management is a cornerstone of any business operation, ensuring that employees are accurately compensated and statutory obligations are met. Among these obligations is the submission of the P32 form

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Understanding Your Payslip: How Payroll Works

Payroll / By Gustavo Fonseca

Your payslip is more than just a record of how much money you’ve earned—it’s a comprehensive breakdown of your pay, deductions, and contributions. Understanding the various components of your payslip

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Understanding the 2024 National Minimum Wage: Changes, Impacts, and What You Need to Know

News, Salary Exchange / By Gustavo Fonseca

The minimum wage for workers aged 21 and over is increasing from £10.42 to £11.44 per hour, a significant 9.8% rise aimed at helping workers cope with the rising cost

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National Insurance Cut 2024. Essential Insights.

News, Salary Exchange / By Gustavo Fonseca

The National Insurance (NI) will be reduced for both employees and the self-employed in 2024, marking the second cut this year. The recent announcement in the 2024 Spring Budget outlines

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Hiring Your First Employee in the UK: A Comprehensive Checklist

Workplace pension / By Gustavo Fonseca

Hiring your first employee in the UK is an exciting step in growing your business. However, it also comes with a range of legal and administrative responsibilities that you must

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It’s time to transform pensions into valuable assets

Workplace pension / By Gustavo Fonseca

Offering competitive employee benefits is a powerful tool for attracting and retaining top talent. One often underestimated benefit is a well-structured pension plan. In the UK, auto-enrolment requirements mandate employers

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