New feature to correct earlier year FPS

Do you need to correct employee pay information for 2018-19? In the past, if you had a correction to make in the payroll for a previous tax year, HMRC required that you sent an ‘Earlier Year Update’ (EYU) to inform them of these changes. HMRC have now changed their rules, and allow the submission of…

Workplace pension minimum contribution increases

Workplace pension minimum contribution increases If you have a workplace pension then you may receive communication from your pension provider informing you of the upcoming changes to minimum contribution rates, effective from April 2019. Currently (2018-19) the minimum contributions are 5% (with the employer typically contributing 2% and the employee 3%). From April 2019 the…