Earnings from the Help to Save scheme should be exempt from income tax, according to the Low Income Tax Reform Group (LITRG). The savings scheme was announced in Budget 2016 for working adults on low incomes and in-work benefits such as universal credit. Individuals...
There are now 9.4 million workers aged over 50 in employment, 3.7 million more than 20 years ago, according to the Department for Work and Pensions. The unemployment rate among older workers dropped to 3.3% – the lowest rate since 2009. Other findings: 8.3...
The government has agreed to write to individuals who do not have enough years of national insurance contributions (NICs) to qualify for the new state pension. To receive any new state pension an individual must have at least 10 qualifying years of NICs. People who...
Confirmation statements will replace the annual return for companies from 30 June 2016. Companies will need to file a confirmation statement from this date, providing up to date information for inclusion on the public register. The main difference between the new...
Register of persons with significant control requirement introduced 25th April 2016 As of 6 April 2016, all companies and limited liability partnerships (LLPS) must now keep a register of persons with significant control (PSC). A PSC register is required for those who...
