Salary Review: It Pays To Talk

42% of employees surveyed by law firm Lupton Fawcett Denison Till admitted they were uneasy about discussing their salary with their employer, while 35% would prefer to disclose their earnings to a colleague than talk with a manager. This leads to potential problems further down the line according to senior associate Nathan Combes. “A common … Continue reading Salary Review: It Pays To Talk

To Pay Or Not To Pay – The National Living Wage

The much talked about National Living Wage (NLW) was finally introduced on 1st April this year for 25 and overs. While the National Minimum Wage (NMW) will still apply to those under 25, the NLW is a higher rate of pay of £7.20 per hour and is designed to encourage a reduced reliance on state … Continue reading To Pay Or Not To Pay – The National Living Wage

Sharing The Responsibilty with Shared Parental Pay

With more and more ‘hands on’ fathers across the country, the introduction of Shared Parental Leave and Shared Parental Pay has been seen as a welcome addition.  However, many employers are still coming to terms with the complexities of the process. Here is a brief overview of what it may mean for you: When does … Continue reading Sharing The Responsibilty with Shared Parental Pay

National Minimum Wage Changes ahead

The National Minimum Wage is the minimum hourly rate most workers are entitled to, and is reviewed annually with changes usually occurring from October. From 1st October this year the rates for National Minimum Wage are: £6.70 per hour for workers aged 21 years and over £5.30 per hour for workers aged 18 to 20 … Continue reading National Minimum Wage Changes ahead

Wages from 6 April 2014

Director's Salary The new rates of personal allowances and National Insurance come into effect on 6 April 2014. This means that the salary for many directors of small limited companies needs to be re-evaluated to ensure that it is tax efficient. The change means you can increase your current monthly wage to £663 per month, … Continue reading Wages from 6 April 2014