Blog

What does the introduction of a £9.00 per hour minimum wage by 2020 mean for you?

The glib answer is that if you are being paid the current minimum wage of £6.50 per hour this represents more than a 38% pay increase and that if you are under 25 it will not apply to you anyway. But this answer fails to address the impact of such an increase on employees and employers. Also it does not really address the question…

Budget targets personal services companies

The 2nd Budget announcement came with a jarring attack on contractors who run their own limited companies. Recruiters and payroll companies all knew this was the route the HMRC were going to take with the new rules making it impossible for some sectors to be directors of their own companies, and thus technically impossible to pay …

Living wage... friend or foe?

The budget yesterday announced that the national minimum wage of £6.50ph for over 21s will be replaced by a ‘living wage’ for the over 25s. This will be set at £7.20 from April 2016 and will rise to £9.00 by 2020. Along with the increase in the tax free personal allowance to £11,000 in 2016/17 and £12,500 by 2020, the Treasury est…