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rpi
Employment Law Payments and Awards 2013
Section 34 of the Employment Relations Act 1999 and Article 33 of the Employment Relations (Northern Ireland) Order 1999 provide for an increase or decrease in the following statutory limits each year according to the year-on-year change in the Retail Price Index (RPI) at the previous September. The Employment Rights (Increase of Limits) Order [...]
RPI and CPI September 2012
On 16 October 2012, the Office for National Statistics (ONS) announced the Consumer Prices Index (CPI) and Retail Prices Index (RPI) figures for the year to September 2012. These are: CPI 2.2% RPI 2.6% These are significant figures from a personal and professional point of view. Personally, the RPI represents the changing cost of purchasing [...]
Student Loan Threshold 2013 / 14
In an informal note from HMRC’s Software Developer Support Team (SDST), developers have been advised that the Student loan threshold for 2013/14 is to be set at £16,365. This is an increase in the sum of £570.00 on the current threshold of £15,795.00. This informal note is based upon information which they have been provided [...]
Early Repayment of Student Loans
As we have reported, the Government issued a consultation in 2011 concerning proposals to penalise students whose circumstances allow them to repay their loans early. The existing repayment rules for student loans allow any student, at any time, to pay more than is required under their loan agreement. The Government’s reforms to the financing of [...]
Employment Law Payments and Awards – A Reminder
Section 34 of the Employment Relations Act 1999 and Article 33 of the Employment Relations (Northern Ireland) Order 1999 provide for an increase or decrease in the following statutory limits each year according to the year-on-year change in the Retail Price Index (RPI) at the previous September. The Employment Rights (Increase of Limits) Order 2011 [...]
Student loan deduction threshold increase from April 2012
Retail Prices Index in March 2011 is used to increase the £15,000 threshold from April 2012. The current £15,000 annual threshold for student loan deductions through the payroll was due for review by the last Government in 2011. The Coalition government decided instead to increase the threshold annually between 2012 and 2016 in line with [...]
Budget – Consumer Prices Index
The June 2010 Budget announced that the default indexation for direct taxes, including income tax and NICs, will be the (lower) Consumer Prices Index (CPI) instead of the Retail Prices Index (RPI) from April 2012. However, to ensure employers and older people do not lose out, the Government has confirmed that there will be some [...]
