Pension & PAYE News

Pension news often details new developments, rules and regulations related to managing pensions. From state pensions to private pensions there is always something happening in the world of pensions. Read our posts for the latest.

PAYE means Pay as You Earn. PAYE and payroll management is a main service area of Steedman and Company. In our blog we take a look at the latest developments in payroll.

Some important aspects of payroll are:

If you prefer visuals to reading text you can take a quick look at our recent infographics which give a simple overview of NEST pensions and how to manage your pension online.

If you’d like to get to grips with PAYE have a quick read of some of our articles below to find out more. If you’d like some help with your own PAYE simply get in touch.[/av_one_half]

Pensions & PAYE Posts

Small Employers Given More Time to Prepare for RTI

Employers who employ less than 50 staff are to be given more time to report Real Time Information (RTI) to HMRC.

Those who pay their employees on a weekly basis will be allowed to report their payments by the fifth

Self Employed to Benefit from Pension Shake Up

Self employed people could be amongst the winners of the government’s new single tier pension.

The white paper details plans to change the current £107.45 basic pension with various tops up, to a flat rate of £144 from 2017 at

Implementation of Real Time PAYE could be Impossible

The Institute of Chartered Accountants in England and Wales (ICAEW) has said that the upcoming real time PAYE system may prove “impossible” for many businesses to implement.

This comes despite HMRC recently publishing proposals allowing employers extra time to send

Lack of Awareness over Real Time Information

Around a quarter of small businesses are unaware that the Pay as You Earn (PAYE) system is going to dramatically change next April.

Real Time Information (RTI) will see the introduction of a live system, where payroll information will be

Chancellor Urged to Scrap Tax on State Pensions

Tax on State Pensions – More than five million retired people could save up to £1000 per year if Chancellor George Osborne takes the advice of the Office for Tax Simplification (OTS) and scraps income tax on state pensions.


PAYE Year End to Change

The Pay As You Earn (PAYE) system is to change from an annual to a monthly system, in a step designed to make it easier to manage for employers.

Real Time Information (RTI) will be used to transmit information to …

PAYE Penalty Notices to be Sent In-Year

HMRC is planning to send penalty notices for late or missing monthly tax payments within the tax year as opposed to after April 19, which its current policy.

Many people have criticized the current regime for punishing employers by not …

Pension Reforms to Affect Public Sector

Public sector workers will have to work longer and pay more into their pension funds if they want to continue to receive better pensions than those in the private sector, the chief secretary to the Treasury, Danny Alexander has said.…

National Minimum Wage

The announcement that the national minimum wage is to increase by 2.5 percent has been met with criticism from many people in the business community.

The current adult hourly rate is £5.93 per hour and will rise to £6.08 in …

UK Independent Auditors – Pensions Regulator

UK Independent Auditors are not obliged to tell pension scheme trustees about intricate details regarding their schemes. Savers are ultimately responsible for checking and reviewing their own statements and making sure that things are as they expect.

It is essential …