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Bikes-for-work schemes are tax-exempt arrangements, usually offered via a salary sacrifice scheme that will deducts payments from an employee’s grosspay.
The definitive A-Z of payroll outsourcing in the UK A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | A: Auto-enrolment The process through which qualifying employees are automatically entered into workplace pension schemes. This is typically calculated through payroll software.
Whether its grosspay, tax deductions, or pension contributions, automation ensures that every number is spot-on. They can update their bank details, change tax deductions, and even submit expense claims directly. Its tedious, error-prone, and time-consuming. Why is this so important?
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