This April sees a further increase in the level of pension contributions required to be made by both employers and employees. The total minimum contribution will rise from 5% total to 8%, with the employees contributions rising to 5% of gross pay and the employers contribution rising to 3%. It will be interesting to see,…
The National Minimum and National Living Wage increase on 1 April 2019 – The National Living Wage, which is the statutory minimum for workers aged 25 and over, will increase by 4.9% to £8.21 per hour on 1 April 2019. National Minimum Wage rates for younger workers will also increase above inflation. See summary of…
There are a couple of HMRC proposed changes to the Capital Gains Tax Principal Private Residence relief announced in the last budget that may apply from 6th April 2020. The budget announcement has put the proposals out to ‘consultation’ so there is no guarantee that the changes will come into effect, but we should watch out…