Employee Benefits
NOVEMBER 17, 2022
Autumn budget 2022: The government has decided to maintain the current freeze on employers’ national insurance (NI) contribution thresholds for a further two years. Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028.
Employee Benefits
MARCH 6, 2024
Spring Budget 2024: The government is to cut employee national insurance contributions (NICs) by two pence, falling from 10% to 8% from 6 April. When combined with the cuts announced in the Autumn Statement 2023, the OBR expects that total hours worked will increase by the equivalent of around 200,000 full-time workers by 2028-29.
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Employee Benefits
NOVEMBER 17, 2022
Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028. Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.
Employee Benefits
FEBRUARY 21, 2024
Furthermore, the cut must be viewed in the context of a creeping counterbalance known as fiscal drag, caused by the government’s freeze in the tax and NIC thresholds until April 2028. Until the 2022/23 tax year, governments have normally increased the tax and NIC thresholds annually.
Employee Benefits
FEBRUARY 15, 2024
The Welsh government has partnered with employee benefits provider Vivup for the managed service provision of its employee benefit schemes. As part of the framework agreement and in alignment with Welsh government policy, provision for Welsh Language Standards will be made.
Global People Strategist
SEPTEMBER 12, 2023
New Zealand is a country with an exemplary government and legislative structure. The current labor shortage of 4,700 is expected to reach 17,900 by 2028. Workers’ compensation in other fields may raise new challenges for the government. Logistics is one of the core industries contributing to the economy of New Zealand.
Employee Benefits
NOVEMBER 17, 2022
Autumn budget 2022: The government has confirmed that the pensions triple lock and credit will be protected, and rise by 10.1% Chris Noon, partner at Hymans Robertson, said: “There is welcome relief that the government has stuck to its manifesto promise and retained the triple lock, providing pensions with long-term protection.
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