Husky Blog

Gain some valuable insights on how to be compliant, improve your pension benefits, and become an employer of choice.

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Understanding Payroll: Why Did My Net Pay Change
Payroll

Understanding Payroll: Why Did My Net Pay Change? 

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 ...
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Pension setup and management
Workplace pension

How to Choose a Pension Provider for Your Small Business

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 ...
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Navigating Payroll: Understanding P32 and How to Pay HMRC
Payroll

Navigating Payroll. Understanding P32 and How to Pay HMRC

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 ...
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Understanding your payslip
Payroll

Understanding Your Payslip: How Payroll Works 

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 ...
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Understanding the 2024 National Minimum Wage
News

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

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 ...
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National Insurance Cut 2024. Essential Insights.
News

National Insurance Cut 2024. Essential Insights.

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 ...
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Hiring Your First Employee in the UK: A Comprehensive Checklist
Workplace pension

Hiring Your First Employee in the UK: A Comprehensive Checklist 

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 ...
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It's time to transform pensions into valuable assets
Workplace pension

It’s time to transform pensions into valuable assets

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 ...
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Are you ready to claim your tax back?
Workplace pension

Are you ready to claim your tax back?

Tax season can be a stressful time for many, but did you know that you might be entitled to claim an additional 20% (or 25%) ...
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don't ignore salary exchange in 2024
Salary Exchange

Why business owners can’t ignore Salary Exchange in 2024

In the dynamic landscape of business, staying ahead of the curve is not just an advantage—it’s a necessity. For directors navigating the complexities of company ...
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The 2023-2024 National Insurance contribution rates
Payroll

2023-2024 National Insurance Contribution Rate Cut: What You Need to Know 

The 2023-2024 tax year brings pivotal changes to National Insurance contribution rates, impacting both employers and employees. Effective from the 6th of January 2024, these ...
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Getting started with Salary Exchange 
Salary Exchange

Getting started with Salary Exchange 

Starting Your Salary Exchange Pension with our Husky App.   Access to Husky’s Salary Exchange services. You will need us to manage your Workplace pension ...
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Contributing to Your Employee's SIPP in the UK
Workplace pension

Contributing to Your Employee’s SIPP in the UK. What You Need to Know

In the United Kingdom, Self-Invested Personal Pensions (SIPPs) are a popular choice for individuals looking to take control of their retirement savings and investments. SIPPs ...
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How employers can help their company and staff with the cost of living
Workplace pension

How employers can help their company and staff with the cost of living

Employees worry about higher living costs when things like prices and inflation go up. PwC found that many people in the UK are worried about ...
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When-Can-You-Withdraw-Your-Workplace-Pension-in-the-UK
Workplace pension

When Can You Withdraw Your Workplace Pension in the UK?

Planning for retirement is a crucial aspect of financial security, and understanding the rules and regulations surrounding your workplace pension is essential. In the United ...
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Choosing the Right Pension Provider for Your Small Business.
Workplace pension

Choosing the Right Pension Provider for Your Small Business. Key Considerations

Selecting a pension provider for your small business is a significant decision that can have a long-lasting impact on your employees’ financial well-being and your ...
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Maximising-Childcare-Support
Salary Exchange

Maximising Childcare Support: Navigating the £100,000 Earnings Threshold 

Jeremy Hunt’s new childcare plans have sparked concern, especially for parents approaching the £100,000 income mark. This threshold signifies a significant loss of childcare support ...
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understanding-the-pension-declaration-of-compliance
Compliance

Understanding the Pension Declaration of Compliance

If you’re an employer in the UK and hiring staff, it’s crucial to meet your legal obligations regarding workplace pensions. One key step is completing ...
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understanding-salary-exchange-benefits-and-considerations
Salary Exchange

Understanding Salary Exchange. Benefits and Considerations

What is Salary Exchange?   Salary Exchange involves an agreement between an employee and employer.   The employee’s employment contract is modified to indicate their decision to ...
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Salary-Exchange-allows-employees-to-save-on-National-Insurance-contributions
Salary Exchange

Salary Exchange allows employees to save on National Insurance contributions

In recent years, there were concerns that the practice of making pension contributions through salary exchange (also known as salary sacrifice) might be discontinued. This ...
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Benefits-and-Considerations-of-Salary-Exchange
Salary Exchange

Employer NI savings. Benefits and Considerations of Salary Exchange

Government Support for Salary Sacrifice In recent years, there were concerns that the practice of making pension contributions through salary exchange (also known as salary ...
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Ongoing-Duties-of-Automatic-Enrolment-for-UK-Employers
Workplace pension

Ongoing Duties of Automatic Enrolment for UK Employers

Automatic enrolment is a continuous responsibility for employers in the UK.     Your obligations continue beyond the initial duties start date. Here’s a summary of ...
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Modifying-a-Salary-Exchange-Agreement-What-You-Need-to-Know 
Salary Exchange

Modifying a Salary Exchange Agreement: What You Need to Know 

Can a Salary Exchange Agreement Be Altered?     A salary exchange agreement can typically be altered in various situations. For instance, if an employee chooses ...
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Managing-Employer -Pension-Contributions-and-Funding
Compliance

Managing Employer Pension Contributions and Funding

Properly handling employer pension contributions is crucial to avoid fines from The Pensions Regulator (TPR).     Here’s what you need to know: Key Points   Deduct ...
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Comprehensive-Guide-to-UK-Workplace-Pensions.
Workplace pension

Comprehensive Guide to UK Workplace Pensions. Types, Setup, and Benefit

Introduction to UK Workplace Pensions   A UK workplace pension is an employer-established retirement fund for employees.  Employers are obligated to provide and contribute to these schemes. ...
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ir35
Payroll

Don’t Let Your Payroll Software Dictate Your Workplace Pension Choices

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 ...
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your-clients-received-a-compliance-notice-what-next
Compliance

Your Client’s Received a Compliance Notice – What Next?

When The Pensions Regulator is made aware of a regulatory breach, its first step is to issue a compliance notice. It issued 27,219 between April ...
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first-accountant-charged-over-auto-enrolment
Compliance

First Accountant Charged Over Auto-Enrolment

When we talk to accountants about auto-enrolment (AE) obligations, one of the common things they say is: “The client is ultimately responsible for AE compliance, ...
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husky-everyone-app
Workplace pension

What companies (and their directors) need to know about auto-enrolment fines

The Pensions Regulator (TPR) recently announced that it has fined 40,000+ companies over auto-enrolment failures. The scale of action shows that auto-enrolment compliance has been more complex ...
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husky-was-featured-in-the-times-weekend
News

Husky was featured in The Times Weekend

In the fast-paced world of financial news, there was a buzz surrounding Husky. With a passion for revolutionising workplace pensions, Husky had caught the attention ...
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salary-exchange-webinar-with-hrux
Salary Exchange

Salary exchange webinar with our partners

Husky joined HRUX on a Salary Exchange Webinar.   HRUX talked about Salary Exchange (Salary Sacrifice) more generally. Harvey Pekins highlighted the benefits of salary exchange ...
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pension-allowance
Workplace pension

How much should I pay into my pension? – Pension allowance

Determining how much to contribute to your pension is an important consideration for securing your financial future. The amount you can contribute to your pension ...
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ir35
Compliance

Understanding IR35

The UK tax law impacting contractor engagements In the realm of contractor engagements in the United Kingdom, one term that holds significant importance is “IR35.” ...
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auto-enrolment-postponement
Workplace pension

Auto-enrolment postponement: is it right for your business?

What is postponement? You can delay enrolling some or all of your employees on your company’s workplace pension scheme for up to three months. At ...
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re-enrolment-whats-it-all-about
Workplace pension

Re-enrolment – What’s it all about?

On a rolling 3 yearly-basis from your staging date or duties start date, employers need to re-assess workers who: Opted out of the workplace pension ...
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husky-crowdfunding
News

Husky crowdfunding smashes target

It was the first time we tried crowdfunding, and it was a resounding success – we hit our target in just 15 days. Many thanks ...
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the-zero-cost-employee-benefit
Workplace pension

The zero-cost employee benefit – What are you waiting for?

A happy employee is the most important asset your business has. When they know you’re looking after them, they look after you. 47% of employers ...
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husky-pension-mobile-app-employees
Workplace pension

3% Of Workers Are Missing Out On Workplace Pensions – Is Your Business Affected?

According to the auto-enrolment (AE) legislation, eligible employees have to be enrolled in a workplace pension scheme. However, according to research published by The Resolution Foundation, ...
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how-to-set-up-a-workplace-pension
Workplace pension

How to set up a workplace pension for employees: a guide for directors

An introduction to workplace pensions  In a nutshell, workplace pensions are designed to help workers in the UK save more money for retirement. A successful ...
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auto-enrolment-criteria-eligibility-compliance
Workplace pension

Auto-Enrolment: criteria for eligibility and compliance

For those that are setting up a workplace pension for employees, managing a workplace pension, or making general amendments to the scheme for their workforce, ...
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husky-app-services
Workplace pension

Responsible Investment scores

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 ...
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best-workplace-pension-compliance-solution-award
News

Best Workplace Pension Compliance Solution Award

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 ...
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auto-enrolment-for-directors
Workplace pension

Auto-Enrolment for Directors

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 ...
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auto-enrolment-for-employees
Workplace pension

Auto-Enrolment Overview – For Employees

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 ...
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partnership-with-vested
News

Partnership with Vested

We are delighted to share Husky’s partnership with Vested to provide them with our workplace pension admin and compliance solution and services.  Vested, the workplace ...
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What is an occupational pension?
Workplace pension

What is an occupational pension?

Pensions are a tax-efficient way of saving money for your future self, once you decide to retire and enjoy your time. It’s like an unbreakable ...
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outsourcing-payroll
Payroll

Outsourcing payroll with Husky Finance: what you need to know

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 ...
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payroll-for-smes
Payroll

Understanding payroll for a small business

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 ...
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tax-traps
Workplace pension

Income tax traps and how to transform them

Article written by Matt Coppin, Wealth Management Adviser. There are situations in which the UK’s complex tax system leaves employees paying very different percentages of ...
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defined-benefit-pension
Workplace pension

What is a defined benefit pension?

It is important that people are aware of the type of workplace pension pot they’re saving in because a defined contribution pension scheme is different to a ...
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auto-enrolment-basics
Workplace pension

Auto-enrolment: the basics for employees

Having a retirement plan in place before the time comes is wise for your peace of mind. To do that, you need to know exactly ...
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husky-user-salary-exchange-app
Salary Exchange

The Benefits of Salary Sacrifice

Salary Sacrifice or Salary Exchange is an arrangement between the employer and the employee, where the employee agrees to give up a portion of their ...
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defined-contribution-pension
Workplace pension

What is a defined contribution pension?

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 ...
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huskys-payroll-service-for-small-businesses
Payroll

Husky’s payroll service for small businesses

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 ...
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employer-pension-contributions
Workplace pension

Employer pension contributions: how much should they pay into my pension?

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 ...
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salary-sacrifice-examples
Salary Exchange

Salary Sacrifice examples and non-cash benefits

In a Salary Sacrifice scheme (or Salary Exchange), the employee agrees to give up part of their gross salary for a non-cash benefit. This scheme ...
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the-pensions-regulator-targets-employers
Workplace pension

The Pensions Regulator targets suspect employers with on-site inspections

Under the Pension Act 2008, employers are required to auto-enrol their employees to a workplace pension scheme. The measures in the Act aim to encourage ...
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husky-compliance
Compliance

Complete your declaration of compliance and avoid future fines from TPR

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 ...
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when-do-i-have-to-claim-tax-relief
Workplace pension

When do I have to claim tax relief?

By obtaining tax relief, Getting tax relief means that you will get income tax back on your pension contributions. When you receive tax relief on ...
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salary-exchange-guide
Salary Exchange

Salary Exchange – A guide for employers

Salary Exchange is a zero-cost employee benefit that increases your employees’ take-home pay (and potentially their pension pot) while also leaving more cash in your ...
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salary-sacrifice-tax-relief
Salary Exchange

Do you get tax relief on a Salary Sacrifice pension?

Taxpayers get tax relief on their pension contributions. But tax relief on a Salary Sacrifice scheme works differently compared to a workplace pension. A Salary Sacrifice scheme ...
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do-you-get-both-the-state-pension-and-a-workplace-pension
Workplace pension

Do you get both the State Pension and a workplace pension?

Yes! You contribute both to the State Pension – if your earnings are above the NI threshold – and your workplace pension, if you’re enrolled ...
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tax-year-2023-24-update-husky
Payroll

Tax year 2023/24 update

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 ...
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whitley-stimpson-husky
Case Studies

A Case Study with Whitley Stimpson and Husky

Introduction Explore how Whitley Stimpson, a leading chartered accountancy firm based in Oxfordshire and Buckinghamshire, successfully partnered with Husky to alleviate the complexities of auto-enrolment ...
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cargo-partner-ltd-husky
Case Studies

Cargo Partner Ltd: A Case Study of Successful Pension Management by Husky

Introduction Cargo Partner Ltd, a specialist in transportation services and info-logistics solutions, faced challenges with their pension obligations. Moore Kingston Smith introduced them to Husky’s ...
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