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

Retirement Age to be Axed

New legislation will be passed to prevent employers from being able to force staff to retire at the age of 65.

The move, which will commence in October, was declared as being “great news” for older people, the economy and …

Change to Pensions Rule Could Hit up to 4 million

As many as 4 million people could be affected by government plans to allow private sector final salary schemes to increase pension payments in line with consumer prices index (CPI), rather than the more generous retail prices index (RPI).

Pensions …

Pension Schemes to Become Compulsory

All UK businesses will have to offer company pension schemes by the year 2016, the government has agreed. They can either offer their own company scheme or enrol staff into the National Employment Savings Trust (Nest).

This will result in …

Increase in National Minimum Wage

The implementation of the new national minimum wage starts today. The current rate for workers aged 21 and over goes up from £5.80 per hour to £5.93 per hour.

Previously employees aged 21 were not entitled to receive the full …

PAYE Chaos

Fraudsters could try to take advantage of the PAYE tax blunder that resulted in millions of tax payers paying the wrong amount of tax, HMRC has warned.

There have been previous fraudulent campaigns which have seen emails sent with HMRC …

Millions Affected by PAYE Mistakes

Millions of people have paid the wrong amount of tax in the UK, it has been revealed.

Around £2 billion has been underpaid via Pay as Your Earn (PAYE) with 1.4 million people owing an average of £1,500 each.

A …

Pension Age May Rise to 72

A think tank has warned that the age people can claim the state pension has to rise to 72 if it is to be in line with the increase in life expectancy.

The Pension Policy Institute (PPI) said in the …

PAYE Coding Notice Problems Uncovered

HMRC have had substantial problems implementing a new system to administer PAYE codes, it has emerged via an appendix to the department’s 2009-2010 accounting.

It has been estimated that there are 18.2 million unresolved cases involving PAYE coding notices and …