Payroll Year End Bulletin – Spring 2019February 18, 2019
PAYROLL YEAR 2018-19 ENDS AND 2019-20 BEGINS
The new tax year is almost upon us, so it is time to update you on some payroll-related matters for the year ahead.
Please click here to view our Payroll Year End Bulletin – Spring 2019 which provides you with information about the changes to rates and thresholds, and the main topics concerning payroll in the year ahead. One change to note is the introduction of Post-Graduate Student loans, and another is the introduction of compulsory itemised pay statements for all workers, not just employees.
NATIONAL MINIMUM WAGE
The National Minimum wage is increasing on 1st April, and details of the rates are shown in the attached bulletin. Where your employees are paid at the minimum wage level, we will automatically increase this to the new rate. Any other increases out with this must be advised to us in writing.
Automatic enrolment pension contributions are due to increase on 6th April. If your scheme is a standard qualifying earnings, minimum contributions scheme, we will increase the contributions in accordance with the legislation as detailed in the bulletin.
If however, you or your employees contributions are more bespoke, then we may require some instructions from you, and we will contact you to confirm details.
If you would like to discuss any of the topics covered, please contact the payroll team on email@example.com or contact Avril Craig directly on firstname.lastname@example.org. In the meantime we would like to thank you for working with us and, as always, you are welcome to contact us if you would like to discuss any aspect of your payroll services.