Childcare Vouchers Scheme Closure – Employment News Update
From the 4th October 2018, Childcare Vouchers schemes are closed to new entrants. The impact on employees who are already scheme members is that existing members can continue with this salary sacrifice benefit, but cannot leave the scheme and re-enrol, and cannot enrol on a new scheme with a different company. Any employees who ask […]
Salary sacrifice schemes scrapped
The 2016 Autumn Statement confirmed fears that it is the end of the road for many salary sacrifice schemes. The writing was already on the wall in the Spring Budget, with hints that the government could limit the range of tax savings benefits available through salary sacrifice schemes. And now the new Chancellor, Philip Hammond […]
What the Autumn Statement means for employers
With changes to national insurance thresholds to a rise in the national living wage, Philip Hammond’s Autumn Statement contained several important changes that employers need to prepare for. Rise in national living wage From April 2017, the national living wage for over-25s will rise 4.2%. This will mean an increase from £7.20 to £7.50 per […]
