News – Page 43
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ArticleSuccess4All accredited as living wage employer
Educational charity Success4All has been accredited as a living wage employer by the Living Wage Foundation.To gain accreditation, the charity committed to paying its workforce a minimum hourly wage of £10.90, which is higher than the £9.50 per hour government minimum for those aged 23 and above, and the newly ...
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ArticleTesco launches salary advance scheme for staff
Supermarket chain Tesco has introduced a benefit that will allow its 280,000 employees to access up to 25% of their contractual pay early.The scheme, provided by Salary Finance, costs a single set fee of £1.49 per advance, and aims to help staff avoid payday loans or debt with high interest ...
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ArticleThe top 10 most-read articles between 11 - 17 November 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 11 and 17 November 2022 were: PWC launches discount scheme and virtual financial wellbeing supportTwitter equates remote work with resignation under Musk leadershipBarratt Homes gives staff second £1,000 cost-of-living paymentWilmott Dixon and Admiral named best big employers for Q4 2022Stagecoach Hull gives ...
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ArticleElectric vehicles to pay vehicle excise duty from April 2025
Autumn budget 2022: The government has announced that electric cars, vans and motorcycles will be required to pay vehicle excise duty (VED) from April 2025.According to Chancellor Jeremy Hunt, this will ensure a fairer tax contribution as the take up of electric vehicles continues to accelerate. The government will legislate ...
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ArticleGovernment maintains income tax thresholds
Autumn budget 2022: The government will maintain the current freeze on income tax personal allowance and higher-rate tax thresholds until April 2028.Chancellor of the exchequer Jeremy Hunt told the House of Commons that personal tax thresholds, including income tax, will be frozen for further two years until 2028.Sian Steele, head ...
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ArticleGovernment to protect pensions triple lock
Autumn budget 2022: The government has confirmed that the pensions triple lock and credit will be protected, and rise by 10.1% in April 2023.Chancellor of the exchequer Jeremy Hunt told the House of Commons that the state pension will be uprated by inflation, rather than in line with average earnings ...
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ArticleGovernment increases national living wage by 9.7% for 2023
Image credit: photocosmos1 / Shutterstock.comAutumn budget 2022: The government has agreed to raise the national living wage by 9.7% from April 2023.In his autumn budget address to the House of Commons, Chancellor of the exchequer Jeremy Hunt (pictured) stated that he had accepted recommendations made by the Low Pay Commission ...
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ArticleGovernment maintains national insurance contributions freeze
Autumn budget 2022: The government has decided to maintain the current freeze on employers' national insurance (NI) contribution thresholds for a further two years.Chancellor of the exchequer Jeremy Hunt told the House of Commons in his autumn budget that the freeze would continue to April 2028.In addition, the employment allowance ...
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ArticleGovernment reduces 45% income tax threshold
Image credit: Gints Ivuskans / Shutterstock.comAutumn budget 2022: The government has reduced the threshold at which the 45% rate of income tax becomes payable, from £150,000 to £125,140.Chancellor of the exchequer Jeremy Hunt made the announcement in his autumn budget statement, noting that those earning £150,000 or more would pay ...
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ArticleMobysoft implements £1,200 cost-of-living payment
Manchester-based software service firm Mobysoft has given employees earning up to £35,000 a £1,200 cost of living support payment to help combat the effects of the current cost-of-living crisis.The payment will be split over the next four months to February 2023, and the firm also offered a tapered support programme ...
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ArticleScaler gives workforce 10 days of paid gratitude leave
India-based technology upskilling startup Scaler has given its 2,200 employees 10 days of paid time off at the end of the year.The business introduced what it called ‘gratitude leave’ in order to allow staff a break from 21 December through 1 January, rewarding their hard work throughout the year, which ...
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ArticleBarratt Homes gives staff second £1,000 cost-of-living payment
Housebuilder Barratt Homes is to give an additional £1,000 to 95% of its workforce in order to help with the rising cost of living.More than 6,800 employees under the firm’s grade 5a tier will be eligible for the payment. The support will not change other pay-related benefits, such as pension ...
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ArticlePetrofac staff strike over pay dispute
Around 146 workers at Petrofac-owned Repsol assets at several North Sea oil and gas installations have begun strike action today (16 November) over pay.The deck crew, platers, pipe fitters, electricians and riggers, who are based at the Flotta terminal in Orkney and the Fulmar platform, will take part in a ...
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ArticleStadler Rail Service agrees pay deal with Tyne and Wear Metro engineers
More than 50 Tyne and Wear Metro engineers employed by Stadler Rail Service have accepted a pay offer after calling off planned strike action.The engineers planned to strike from 14 to 28 November, with more action set to be scheduled if the dispute was not resolved, over a 4% pay ...
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ArticleCharles Gregory Solicitors to pay £32,000 after incorrect employment transfer
London law firm Charles Gregory Solicitors has been ordered to pay an employee £32,000 after it transferred his employment to another business without due notice or consultation.Eduardo Grazioli worked for regulated firm Rider Support Services from 2007 as a paralegal and later a personal injury solicitor. When the firm could ...
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ArticleAssociation of Accounting Technicians reports -0.2% mean gender pay gap
The Association of Accounting Technicians (AAT) has decreased its mean gender pay gap for 2022 from 3.5% to -0.2%, due to an increase in the number of women in senior roles.The association’s latest gender pay gap report and second ethnicity pay gap report were based on hourly rates of pay ...
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Poll: Do you think the living wage rate is high enough in the current economic climate?
Take part in our latest readers’ poll on a current topical issue. Employee Benefits reported today that housing and elder care provider Anchor has received real living wage employer accreditation from the Living Wage Foundation to mark Living Wage Week (14 – 20 November). In light of this, do you ...
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ArticleAnchor accredited as living wage employer
Housing and elder care provider Anchor has received real living wage employer accreditation from the Living Wage Foundation.As of 22 September, the UK living wage rate for those outside of London increased to £10.90 per hour, while those based in London receive £11.95 per hour.The business, which employs more than ...
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ArticleStagecoach Hull gives staff 20% pay rise
More than 250 Stagecoach workers in Hull have accepted a two-year pay deal worth 20% after suspending further strike action.The bus drivers, who were on strike for four weeks, have received a pay increase to £12.50, backdated to May 2022. This will then increase to £13 from December 2022, £13.25 ...
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ArticleThe top 10 most-read articles between 4 - 10 November 2022
The top 10 most-read articles on www.employeebenefits.co.uk between 4 and 10 November 2022 were: Lloyds Bank offers employees minimum £2,000 pay riseBoohoo gives shares to more than 1,100 employeesLaura Trott appointed minister for pensionsPrinces Group gives staff one-off payment and 7% raiseEXCLUSIVE: AutoRek launches financial wellbeing tool for staffWincanton gives ...