Give your employees tax-free vouchers to show your appreciation of their hard work by using the Small Benefit Exemption Scheme.
If you work full-time, you’re on the government’s PAYE system. This takes tax at source from your employer and allows them to pay you. But Income Tax on a second job needs to be factored in too. It’s the law – no one can escape it, whether you’re just starting out or ...
Updated on: Jan 6, 2025 | Personal Finance Student loans are one of the biggest financial burdens, but don’t let the overwhelm take over—as long as you choose the right strategy and stick to it, you can pay it off as soon as possible. In this article, I cover everything you need...
Before you employ anyone you’ll need to let HMRC know you’re planning to do so³. You can do this up to 8 weeks before you pay anyone for the first time. It takes up to 15 days to get your employerPAYE reference number- so make sure you leave enough time for all the paperwork...
Their employer deducts all the necessary tax due from their wage, making the right calculations based on what they earn. However, any income outside of PAYE must be declared via a Self Assessment form, which needs to be filled by the person who generates the income. This can be money ...
Organisations are also increasingly demonstrating a strong commitment to equal pay and gender equality. Employers need to increasingly be transparent about salary ranges so that potential employees know what is on offer; but also, I think it is important, radical even, to talk about salaries. I...
Equally, federal Parent PLUS loans are usually forgiven if the student benefitting from the loan dies or if the parent who took out the loan does. For private student loans, this depends on the loan, as each lender has its own policies. It’s important to check the lender’s specific ...
How to Get Rid of Student Debt Pay Extra Toward the Principal Regular Repayment (10 Years): Early Repayment (5 Years): Savings by Paying Off Early: Make More than the Minimum Payment Get on a Budget Cut Spending Pay While in College ...
Completing your Self Assessment can be daunting. Read this guide on submitting a tax return for sole traders or self-employed and learn all you need to know.
How will the SRC use the survey to set salaries for other public officers? Take the review of the salary of a driver, for example. Both public and private firms will hire drivers earning different salaries over time. The SRC will map out the salaries of drivers across the civil service an...