The Retirement Procrastination Problem

The Retirement Procrastination Problem

Recent research on planned retirement ages has produced some unexpected and perhaps unrealistic results. The next increase in State Pension Age (SPA) to 67 will start to take effect in about two years’ time. Under current legislation the move to a SPA of 68 begins in...
The Gender Pension Gap

The Gender Pension Gap

The gender pensions gap is the difference in retirement income between men and women, where women have less pension savings in retirement than men. Could this be true for some of your employees? Or for you? According to the Department for Work and Pension the gender...
The National Insurance Tax Cut

The National Insurance Tax Cut

For employees, the national insurance cut announced in the Autumn Statement took effect on 6 January 2024. For many years, successive governments have been happy for the public to vaguely believe that national insurance contributions (NICs) are building up in some...
Payrolling Employer-Provided Benefits

Payrolling Employer-Provided Benefits

Do you currently payroll your benefits-in-kind (BIK)? HMRC has announced that payrolling benefits, and paying class 1A NIC on benefits-in-kind (BIK) via payroll, will be mandatory from April 2026. This will reduce administrative burdens by simplifying and digitising...
Time for year-end tax planning

Time for year-end tax planning

With Christmas and the New Year over, it is time to turn your thoughts to planning for the tax year end. While many parts of the tax landscape have been frozen, such as the personal allowance and most income tax thresholds, that does not mean you should ignore tax...