Cleardocs Blog
Subscribe to RSS for this Blog.
What to expect in 2010
Added: 2010-01-13 11:54:44.0Happy New Year from all of us here at Cleardocs.
In 2010 we’re all hoping that we can leave behind the economic troubles of 2009 and that we can all look forward to a prosperous twelve months.
As promised last month, we’ve prepared a ‘what to expect in 2010’ guide for you. When running a business, preparation is key. To help you stay on top of things, we’ve put together a guide for employers about the main employment legislation changes that are due to come into force this year. These include reforms to Working Time Regulations and Agency Worker regulations that will no doubt have an effect on a lot of businesses.
To read the guide, click here
Employment Legislation Update – Pre-Budget report
The main news legislation-wise in the past month surrounded the Government’s pre-Budget report. On 9th December 2009, the Chancellor announced a package of measures with important implications for employers. These included the following:
- A new 50% top rate of tax will apply to employees with an income of over £150,000 per annum;
- Pensions relief will also be limited for anyone whose annual salary is over £130,000;
- The personal allowance on Income Tax will be frozen during 2010-11, and there will be no change to the higher rate threshold (so that income tax will continue to be paid at 20% on income up to £37,400, and then at 40% up to £150,000);
- Employers' National Insurance Contributions ('NICs') will increase by 0.5%, which is a rise from 12.8% to 13.5%;
- For Class 1 (employee), Classes 1A and 1B (payments by employers on benefits) and Class 4 (self-employed) workers, NICs will increase from 8.5% to 9.5% on earnings between the primary threshold and upper earnings limits;
- In addition, for Classes 1 and 4, the additional rate for NICs on earnings over the upper thresholds will go up to 2% from 1%;
- Workers with salaries of less than £20,000 will not face a rise in NICs; and
- Public sector pay settlements are to be capped at 1% for two years from 2011.
We’ll be keeping you updated with when, where and how these changes will come into force but if you have any questions or concerns in the meantime, don’t hesitate to call us on 0845 474 0372.
Winter Sale
Meanwhile, due to popular demand, we’ve extended our Winter sale. As we’re sure most of you have seen, we introduced a pre-Christmas sale in December as a thank you to you for making 2009 great for us. We have introduced some massive discounts to our documents; with up to 65% off employment contracts and staff handbooks, we urge you not to wait as these prices won’t be around forever.
If you have any questions about how Cleardocs can help with your employment document requirements, don’t hesitate to call us on 0845 474 0372.
The content of this blog is not legal advice and should not be relied on as such, or used instead of seeking legal advice.
Comments
