Almost three million people have moved off the furlough scheme since March as the economy began to bounce back and businesses reopened, according to new statistics. This is unsurprising as employers are now expected to cover 20% of any hours not worked with government providing…
Category: Payroll
Furlough scheme changes from 1 July 2021
The government has confirmed its intention that furloughed employees will be paid 80% of their wages for hours not worked under the furlough scheme. Up to 30 June 2021, this payment will be fully-funded by government and capped at £2,500 per month. From 1 July…
Minimum Wage levels from April 2021
From April 2021, the National Living Wage (NLW) will be the statutory minimum wage for workers aged 23 and over. It currently applies to workers aged 25 and over. The reduction in the NLW age threshold follows a review of the structure of the National…
Calculating holiday pay for workers without fixed hours
Government guidelines on this topic advise: The amount of pay that a worker receives for the holiday they take depends on the number of hours they work and how they are paid for those hours. The principle is that payments received by a worker while…
Companies House support for ailing businesses
The following announcement was recently made by Companies House: Businesses will be given additional support to help them meet their legal responsibilities under changes announced today (16 April 2020). Companies House will temporarily pause the strike-off process to prevent companies from being dissolved. This will…
Furlough Scheme Extended to 31 October 2020
The Chancellor, Rishi Sunak has announced significant changes to the Coronavirus Job Retention Scheme, now commonly referred to as the furlough scheme. The scheme had been due to run until at least 30 June 2020. The Chancellor has now confirmed to the House of Commons…
Statutory Sick Pay (SSP)
Employers have been rightly worried about the cost of funding SSP for employees that are self-isolating or suffering from the COVID-19 virus. Especially as SSP is now due on day one of absences. The Chancellor has now confirmed that he will create a means for…
Changes to Minimum Wage Rates
From April 2019, minimum pay rates will increase as set out below. • National Living Wage (NLW) rates for workers aged 25 and over – from £7.83 to £8.21 per hour. • National Minimum Wage rates: workers aged 21–24 — from £7.38 to £7.70 per…
Who qualifies for the minimum wage?
As you would expect there are a range of conditions that affect the answer to this question. We have reproduced below a summary of the main conditions to be observed. Workers must be at least school leaving age to get the National Minimum Wage. They…