Search News

Results: 21-30 of 2946


Start again

6 Apr 2022

As an employer, you are obligated to update your payroll so your employees get paid at least what they are legally entitled to. 

6 Apr 2022

Businesses are required to have signed up to Making Tax Digital ready for their first VAT return starting on or after 1 April 2022. However, they may not be required to make their first...

6 Apr 2022

According to Cycling UK, business booms by 30% when people cycle to the high street. But they need somewhere to park. You can attract cyclists directly to your door by offering secure bike...

31 Mar 2022

Each week Maybe* round up the best social media posts from across the UK. See who's coming...

31 Mar 2022

Cytech is going from strength to strength with an ever-increasing number of expansions both in the UK and abroad. 2020-21 were exceptional years with 3 locations opening, and now with the new...

24 Mar 2022

Retailers have until 1st April to sign up on the Local Bike Shop Day website and receive a physical pack in the post to help them promote their business on the day and drive footfall into their...

24 Mar 2022

As online and digital payments have continued to grow in popularity over the past few years, unfortunately so does the risk of fraud. SCA intends to combat this risk by providing a more secure...

24 Mar 2022

Shop owners can now experience the full capabilities of Hubtiger without having to connect to a POS system.

24 Mar 2022

This briefing outlines the most relevant announcements for the cycling sector gathered by the ACT through our involvement in the

23 Mar 2022

Being a HUDJO host puts your business on the bike parking map. You give cyclists a secure place to park and the app makes the whole transaction easy.

National minimum wage and National Insurance changes hit pay packets from this week

Posted on in Business News , Cycles News , Political News

The National Living Wage and National Minimum Wage rates increased from 1st April 2022. As an employer, you are obligated to update your payroll so your employees get paid at least what they are legally entitled to. 

 

 

The National Living and Minimum Wage rates are listed below:

 

  23 and over 21 to 22 18 to 20 Under 18 Apprentice
Before April 2022 £8.91 £8.36 £6.56 £4.62 £4.30
From April 2022 £9.50 £9.18 £6.83 £4.81 £4.81
Increase Percentage 6.6% 9.8% 4.1% 4.1% 11.9%

 

Employees are being urged to check if they're being paid correctly through the Check Your Pay campaign which also provides advice to employers to ensure they understand what they need to do to pay their employees correctly.

Check your pay for employers

 

How National Insurance will change


Employees pay National Insurance on their wages, employers pay extra contributions for staff, and the self-employed pay it on their profits.

In September, the government announced the rise in contributions from 6 April, in part to help ease the burden on the NHS.

It means that, instead of paying National Insurance contributions of 12% on earnings up to £50,270 and 2% on anything above that, employees will now pay 13.25% and 3.25% respectively. The self-employed will see equivalent rates go up from 9% and 2% to 10.25% and 3.25%.

From now, employees will pay National Insurance contributions on earnings above £9,880 a year. From July, it will be paid on earnings above £12,570 a year.

Those of state pension age do not pay the tax at present, and nor do those on very low incomes.

 

Useful links

If you have any other queries please contact us.