Changes to Payroll for the Tax Year 2019/20
The new tax year is here, so below, we have listed some important information and points to consider from April 2019
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Directors Minimum Salary 2019/20
This will increase to £719.00 per calendar month, or £166.00 per week
National Minimum Wage & National Living Wage
From 1st April 2019 the National Minimum Wage and National Living Wage will be increasing as per below:
Auto-Enrolment & Pensions
From 6th April 2019 the minimum pension contribution will increase. It is your responsibility to notify your staff of the following changes. The rates will increase as per the below:
Employment NIC Allowance
This will remain at £3000