Are you working hard every day but missing out on a simple way to save more? Many UK workers are—because their employers haven’t set up Salary Exchange. But you can change that!
Ask Your Boss About Salary Exchange Read More »
Auto-enrolment should be win-win: There will be 1.8 million employers setting up and contributing to pension schemes for the future financial security of 5.5 million people – resulting in a new £17.5 billion pool of investable assets for the UK’s economy. Smiles all round, right? Unfortunately, we have a way to go – because inflexible
Don’t Let Your Payroll Software Dictate Your Workplace Pension Choices Read More »
Payroll is the process of ensuring your employees get paid on time and the right salary, as well as deducting the right amount from their pay for tax and pension purposes. It is very common for business owners to outsource their payroll to their accountants and expert payroll services providers. Outsourcing payroll means that you
Outsourcing payroll with Husky Finance: what you need to know Read More »
Payroll is one of the most important aspects of running a business. You need to pay your employees their salary and on time. It is not an easy task for anyone as there are regulations that need to be followed diligently, and it needs to be accurate as any tax mistake could have an impact
Understanding payroll for a small business Read More »
A defined contribution pension is a type of private pension used in a workplace pension or a personal one. Private pensions can be defined benefit or defined contribution pension plans. The amount an employee will get on their retirement in a defined benefit pension is based on their salary whereas the pension income one gets
What is a defined contribution pension? Read More »
Every business with employees handles payroll, some outsource this task and some manage it internally. Payroll is often offered as part of accounting and bookkeeping packages, but Husky focuses solely on payroll and pension. Payroll is not a simple task but a process that involves keeping track of working hours, calculating employee payments and paying
Husky’s payroll service for small businesses Read More »
Employers pay into your pension the set minimum contributions required by law, or more if they wish so. This requirement is set by the Government for any workplace pension. Your pension contributions depend on your pension plan’s earnings basis, and are based on: your qualifying earnings. Or your pensionable earnings. If employers don’t calculate contributions based
Employer pension contributions: how much should they pay into my pension? Read More »
The declaration of compliance is one of the most important documents that you need to complete for TPR. It shows the steps you’ve taken to be compliant with the automatic enrolment of your employees in a workplace pension. Under auto-enrolment rules, all employers have to enrol their employees in a workplace pension – if they
Complete your declaration of compliance and avoid future fines from TPR Read More »
As you prepare for the upcoming tax year, starting on the 6th of April 2023, it’s essential to stay informed about the significant updates pertaining to workplace pensions and payroll. By keeping yourself up-to-date, you can ensure a smooth transition and compliance with the latest regulations. Annual Allowance On the 15th of March, an important
Tax year 2023/24 update Read More »