By

Husky
IR35 is extending to the private sector in April 2021, so it is essential that companies start preparing. What is changing IR35 is the UK tax law applicable to the engagement of contractors through a personal service company or other intermediaries. The upcoming changes mean that medium and large businesses will be responsible for working...
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You might have been automatically enrolled into a pension, or your employer might have mentioned Auto-Enrolment to you. But what does it mean? What is Auto-Enrolment Auto-enrolment, sometimes referred to as Workplace Pensions, is a Government initiative, whereby all employers in the UK must put certain staff into a workplace pension. It’s an opportunity to...
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The 2021-22 tax year is starting on the 6th of April 2021. See below an update on the key changes regarding workplace pensions: Earnings thresholds The threshold change will apply to schemes where contributions are calculated on a Qualifying Earnings basis. The Upper level of qualifying earnings will increase from £50,000 to £50,270 per year....
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electric vehicle grant has been reduced
The Government has cut the electric vehicle grant and changed the eligibility with immediate effect in March 2021. Grant changes The “plug-in car grant” has been reduced from £3,000 to £2,500. Moreover, the electric vehicle grant is now limited to cars costing £35,000 or less whilst previously it was available on vehicles costing up to...
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pension allowance
“How much should I contribute?” is a common question from employees and self-employed and even more at the end of the tax year (this tax year ending on the 5th April 2021). This article explains pension allowances and how they work on a practical level; to help you decide how much to pay into your...
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Employers in the UK have Automatic Enrolment (AE) duties. However, in certain instances, Directors may be exempt. Definition of a Director When the Pensions Regulator refers to a director, they mean anyone holding office as a director. This does not include a person who is a director in name only. In the case of a...
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We are delighted to share that we have received the “Best Workplace Pension Compliance Solution 2020” SME News Award. SME News is a digital publication for owners of small and medium-sized businesses within the UK. Workplace pensions are a key employee benefit, however, UK businesses have struggled to get the best out of their investment,...
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Electric company cars
Husky joined HRUX on a Salary Exchange Webinar on the 10th of February. HRUX talked about Salary Exchange (Salary Sacrifice) more generally. Harvey Pekins highlighted the benefits of salary exchange into electric cars, explaining how employees (and company directors) could secure their next car at a considerably lower cost. After David Chandler explained the benefits...
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Tax relief Getting tax relief means that you will get income tax back on your pension contributions. When you get tax relief on your pension, some of the money that you would have paid in tax goes into your pension pot instead. Pension tax relief is equivalent to: 20% of the total contributions for basic rate taxpayers...
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At Husky, we aim to empower individuals and businesses with information and options – so that you can take control of your financial future. That’s why we’ve partnered with an independent responsible investment specialist, Impact Lens, to give you and your staff independent, transparent scoring on how workplace pension schemes are investing your money. Although...
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