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April 18, 2016 No Comments

Retirement age

Posted by:Payroll On Time

Default retirement age (formerly 65) has been phased out – most people can now work for as long as they want to. Retirement age is when an employee chooses to retire. Most businesses don’t set a compulsory retirement age for their employees. If an employee chooses to work longer they can’t be discriminated against. However,…

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February 3, 2016 No Comments

Emergency Tax Code

Posted by:Payroll On Time

Emergency tax codes are temporary. While you’re on an emergency tax code, you pay tax on all your income above the basic Personal Allowance (£10,600 for the 2015 to 2016 tax year). You’re on an emergency tax code if your payslip says your tax code is one of the following: 1060L W1 1060L M1 1060L…

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February 3, 2016 No Comments

Statutory Sick Pay (SSP)

Posted by:Payroll On Time

You can get £88.45 per week Statutory Sick Pay (SSP) if you’re too ill to work. It’s paid by your employer for up to 28 weeks. You need to qualify for SSP and have been off work sick for 4 or more days in a row (including non-working days). You can’t get less than the…

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Happy business team
February 3, 2016 No Comments

Employment Status

Posted by:Payroll On Time

Someone who works for a business is probably an employee if most of the following are true: they’re required to work regularly unless they’re on leave, eg holiday, sick leave or maternity leave they’re required to do a minimum number of hours and expect to be paid for time worked a manager or supervisor is…

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February 3, 2016 No Comments

National Living Wage

Posted by:Payroll On Time

The National Minimum Wage rate per hour depends on your age and whether you’re an apprentice – you must be at least school leaving age to get it. From April 2016, the national living wage will be £7.20 an hour for workers aged 25 and older. The minimum wage will still apply for workers aged…

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