HR Digest
APRIL 3, 2025
The Ontario wage hike in 2025 involves a small hike from $17.20 While the margin of increase in the new wage rates in Ontario is minimal, when calculated over a period of time, it should make a difference to the take-home pay for workers. to $16, and in Nova Scotia, the base pay will go up from $15.70 by October 1.
Employee Benefits
SEPTEMBER 14, 2023
The cost to the employee of this increase in contribution is a reduction in take home pay of less than £12 per month (£136pa). The cost to the employee of this increase in contribution is a reduction in take home pay of £17 per month (£204pa). 2025 UK adults aged 22+ in full time employment were surveyed.
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cipHR
NOVEMBER 15, 2021
Tax codes can, and do, change, particularly if there’s been a change of personal circumstances, such as people getting married, claiming taxable state benefits, or working from home. For the 2021/22 tax year (and through to 2025/26), the tax code for most people under 65 who only have one job or pension is 1257L.
Employee Benefits
AUGUST 7, 2024
Informing employees about the upcoming P11D changes, with a focus on how take-home pay might be affected, is crucial to avoiding potential misunderstandings that can lead to dissatisfaction if the changes are perceived negatively.
Griffin Benefits
JUNE 29, 2023
This rule will apply to employers who have started retirement plans after December 29, 2022, and take effect for plan years starting in 2025. They were first resistant to escalation, fearing that they would go too far and substantially reduce employees’ take-home pay. The SECURE Act 2.0
HR Digest
FEBRUARY 26, 2025
Since yesterday, overtime pay taxes have dominated headlines, driven by a proposal from the current administration to exempt overtime earnings from federal income tax. While the idea awaits Congressional approval and remains speculative as of February 26, 2025, its potential impact merits attention from HR professionals.
HR Digest
APRIL 5, 2025
The buzz around the No Tax on Overtime Bill has been inescapable in 2025. If everything falls into place, the No Tax on Overtime Bill state date could land on July 1, 2025. A legislative journey As of March 31, 2025, the No Tax on Overtime Bill remains in limbo. 561) , was introduced in January 2025. trillion package.
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