Bonuses Overtime Pension 
Employee Benefits
SEPTEMBER 6, 2023
For employers, determining the contributions to a workplace pension scheme depends on the pensionable earnings of their employees. This article will explain the different methods for calculating pensionable earnings and how these methods affect pension contributions and tax efficiency. Employee contribution (inc.
cipHR
NOVEMBER 15, 2021
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. While the onus is on employers to pay their employees correctly, there is some responsibility on the employee to make sure that any variable payments, such as overtime or commission, are paid.
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Employee Benefits
NOVEMBER 20, 2023
Employees are given the choice of which format they would prefer and more than 90% opt for a paper copy. The TRS outlines what employee benefits have been on offer for the past 12 months.
Best Money Moves
MARCH 28, 2022
Since women take on more part-time and unpaid work than men, overtime, this accumulates to women spending less time in the workforce than men. Pension plans often require a minimum salary or hours worked for pension payouts. Less money now means even less during retirement. .
cipHR
JUNE 4, 2020
Total reward statements (TRS) are used by employers to demonstrate to employees the true value of all their entire pay and reward package – which may comprise basic pay, overtime, bonuses, pension contributions, health benefits and more. Share options, incentives or bonuses. Employer pension contributions.
Employee Benefits
MARCH 8, 2023
It is important that pay reviews are done on time, and businesses should ensure that pay rises, overtime and bonuses are applied and paid on due dates and in the correct amounts.
cipHR
APRIL 27, 2021
RTI and pensions auto enrolment enabled. Saves time – Payroll software automates the payroll processes, which means the system can perform all types of payments for your employees including hourly pay, overtime, commissions, bonuses and more – reducing the risk of errors – and allows cut-off dates to be closer to pay day.
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