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State pension age
HMRC and BusinessLink Calculator Tools
We have had some queries about the HMRC Website’s calculator tools, which will calculate or check various payroll-related items. Some of these, are now located on the BusinessLink Website. You may find the following calculators helpful with your day-to-day processing: Tax and National Insurance PAYE Tax Calculator (HMRC) National Insurance Calculator (HMRC) National Insurance Calculator [...]
Autumn Statement 2011 (1) – Pensions, Tax & NICs
State Pension Age The Pensions Act 2011 gave the green light to accelerate the State Pension Age increases to 65 for women from 2018 and 66 for men and women by September / October 2020. Now, we are told that it will be accelerated further to 67 between April 2026 and April 2028. This increase [...]
Autumn Statement – 2011
The Autumn Statement on 29 November 2011 focused on the economy and the reducing growth forecasts as a result of European and Global influences. For payroll professionals, there were few surprises in the Statement. Whilst there is another change on the way in respect of the State Pension Age, even this cannot be said to [...]
Pensions Act 2011
The recently-enacted Pensions Bill gave us the Pensions Act 2011. Pensions will, undoubtedly, give us increased administration in the very near future, however, for payroll purposes, what does the Act give us that we did not already know? The key issues of the five main Parts of the Act are discussed below: Part 1 – [...]
Pensions Bill 2011 Receives Royal Assent
The Pensions Bill 2011 has completed its parliamentary stages in both Houses and was granted Assent by the Queen on 03 November 2011. We can now refer to this legislation as the Pensions Act 2011. Together with RTI, the provisions in the Pension Act will undoubtedly involve increased administration for employers. There are a number of areas [...]
Changes to State Pension Age
The Government announced last week that it had decided to delay the State Pension Age increase from 65 to 66 by 6 months for both men and women. The pension age for women will still increase to 65 by 2018, as planned, however, the increase to 66 for both sexes will be put back 6 months to [...]
Increase to State Pension Age Delayed
The Government has announced that its plans to increase the State pension age to 66 is to be delayed. This is with the prime aim of helping women who would be most affected by the rise. From April 2010, the womens’ pension age has already been increasing from 60 to 65. The current Pensions Bill proposes that this increase [...]
