News
Welcome to Emslie Birds' News section. Here you can read all of the news articles from the past to present day. Please select the year from the dropdown menu, then click to select and read the article.
21.02.2016 - The New State Pension
The rules around the State Pension are changing dramatically with effect from 6th April 2016. The new rules will affect all those reaching retirement age on or after that date – that means most of us that are currently working.
Under the new regime you will need a minimum of ten years National Insurance contributions to qualify for any state pension and thirty five years contributions to qualify for the full amount. However this is a simplistic view only and you should check your own National Insurance record to see what contributions you have on record. In particular those individuals that have been part of a final salary pension scheme and/or contracted out of SERPS at any point might find they now have a problem. Under the new scheme they may receive a lesser state pension as they have paid lower National Insurance Contributions in the past.
The key is to check your NIC record and find out what contributions you have made. Then speak with an Advisor to find out what is the best action to take. Don’t put off looking into your position – every year that passes will have a big impact later.
Under the new regime you will need a minimum of ten years National Insurance contributions to qualify for any state pension and thirty five years contributions to qualify for the full amount. However this is a simplistic view only and you should check your own National Insurance record to see what contributions you have on record. In particular those individuals that have been part of a final salary pension scheme and/or contracted out of SERPS at any point might find they now have a problem. Under the new scheme they may receive a lesser state pension as they have paid lower National Insurance Contributions in the past.
The key is to check your NIC record and find out what contributions you have made. Then speak with an Advisor to find out what is the best action to take. Don’t put off looking into your position – every year that passes will have a big impact later.
The National Living Wage
The National Living Wage is now law. If you have staff aged over 25 years and they are not in the first year of an apprenticeship they are now entitled to a rate of pay in the sum of £7.20 per hour.
You need to carry out a review of your payroll to make sure that you are complying with the new rules and also don't forget that staff aged under 25 are still entitled to the National Minimum Wage so we recommend a monthly review to ensure all staff are being paid at the appropriate - and legal - rate.
If you need help with payroll compliance please give us a call to discuss your requirements.
You need to carry out a review of your payroll to make sure that you are complying with the new rules and also don't forget that staff aged under 25 are still entitled to the National Minimum Wage so we recommend a monthly review to ensure all staff are being paid at the appropriate - and legal - rate.
If you need help with payroll compliance please give us a call to discuss your requirements.
Twenty One Years!
We celebrated our 21st birthday this week although we didn't have a party to mark the occasion. To those of you that have been clients from the beginning we would extend our sincerest thanks for your loyalty and we hope to continue providing our services to you for many years to come.
If you are one of the clients that have joined us over recent months then we hope you too will enjoy many years of excellent service from us and let us help you to be successful with your business ambitions. We are still as passionate about our business as we were back in 1995 and we believe that passion sets us apart from the rest.
Twenty one years - doesn't time fly when you're having fun?
If you are one of the clients that have joined us over recent months then we hope you too will enjoy many years of excellent service from us and let us help you to be successful with your business ambitions. We are still as passionate about our business as we were back in 1995 and we believe that passion sets us apart from the rest.
Twenty one years - doesn't time fly when you're having fun?