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 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.
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
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
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?
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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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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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
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. 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
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?
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. 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: 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
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
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
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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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
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
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
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. 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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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 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
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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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
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 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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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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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: 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 – 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 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 – 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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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 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 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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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
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
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 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
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?
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 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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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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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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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: 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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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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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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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: 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 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 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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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?
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 – 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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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?
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
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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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: 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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