Harwood HR Solutions’ Post

Payroll History! 🕰️ Did you know the UK's first state pension was just 5 shillings a week?  That's about £30 in today's money! From humble beginnings to the complex systems we manage today, payroll has come a long way.  How do you think pensions and payroll will evolve in the next decade? Share your predictions below! 👇 #NPW24 #PayrollEvolution #UKPensions #payrollweek24 #wiseacc #payrollfacts

We have updated our interactive tracker to reflect the King’s Speech, which unveiled two significant new employment Bills and one pensions Bill in the first year of this Parliament in the UK. For more insights on these updates, please see below.   Our tracker is designed to keep employers ahead of the curve, reviewing each of the government’s workplace policy proposals, outlining practical implications for employers and progress to date, in addition to the anticipated implementation timelines. We will continue to update the tracker as the latest developments unfold.   Remain up-to-date and navigate the changes by visiting our tracker: https://lnkd.in/eaQ4uqim   #UKGovernment #EmploymentLaw 

The federal budget will be presented on Wednesday, and a 10 to 15 percent increase in government employee salaries is expected. Pensions for retired employees are also expected to increase by 10 to 15 percent. Each year, government employees and retirees from federal institutions eagerly await news of salary and pension increases. With rising inflation, government employees hope for a significant salary increase, and retirees, who have served their country with dedication, want a substantial pension increase. #SparkPakistan #FederalBudget2024 #Salary #Increase #PensionIncrease #GovernmentEmployees #RetiredEmployees #InflationRelief #BudgetAnnouncement #PublicSector 

Managing payroll and pensions is an added pressure for school business professionals. It's time-consuming, complicated, and high risk with tight rules and regulations. So, how can you lighten the load? 📓 Read our blog on why outsourcing payroll might be the best move for your school or academy - https://hubs.ly/Q02Zj4ky0

💼 Big News for Central Govt Employees! 🚨 The 8th Pay Commission is here to bring updates to salaries and pensions. Will performance-based revisions replace the conventional formula? Let’s see what’s in store! 🧐 📊 A glance back: 🔹 7th Pay Commission hiked salaries by 14% (Min ₹7K → ₹18K, Max ₹80K → ₹2.5L). 🔹 Fitment factor increased to 2.57x. What are your expectations from the 8th Pay Commission? Share your thoughts below! 👇 #8thPayCommission #GovernmentUpdates #CentralGovernmentEmployees #SalaryHike #PensionReform #IndiaNews

Our interactive tracker has been updated to reflect the King’s Speech, which revealed two significant new employment Bills and one pensions Bill in the first year of this Parliament in the UK. Click below for further details on these updates. Our tracker has been developed to keep employers at the forefront of the government’s workplace policy proposals, outlining practical implications for employers and progress to date, as well as the anticipated implementation timelines. The tracker will keep you abreast of the latest developments as they unfold. Remain up-to-date and navigate the changes by visiting our tracker: https://lnkd.in/eU4763qc #UKGovernment #EmploymentLaw

Following yesterday’s Autumn Statement announcement, salary sacrifice pensions are back in the spotlight. National Insurance for employers will increase from 13.8% on salaries above £9,100 to 15% on salaries above £5,000 in April 2025. For context, an employee on a salary of £50,000 will cost an employer an additional £1,000 per year. It will remain that employers get full NI relief on employee pension contributions via salary sacrifice. Are your employees as engaged in their pensions as they could be? If not, you could be leaving money on the table. For employers, there will be even bigger cost savings associated with building their employees' financial future. Two things I’m sure most employers would love to see more of. #AutumnStatement #SalarySacrifice #Pensions

The Sindh government has announced significant salary and pension increases in its latest budget, aiming to improve the financial well-being of government employees. Employees from Grade 1 to 16 will receive a 30% salary hike, while those in Grade 17 and above will get a 22% increase. Additionally, pensions will be raised by 15%, and the minimum wage is set at Rs37,000. These measures reflect the PPP-led government's commitment to supporting its workforce and enhancing economic stability in the province. #SindhBudget #GovernmentEmployees #SalaryIncrease #MinimumWage #PensionIncrease #EconomicRelief #PublicSector

TAX l Using salary sacrifice to offset employers’ NIC increase. With the increase in employers’ national insurance from April 2025, employers have some options to mitigate the rise using pensions salary sacrifice, explains Alex Simpson, partner, and Oliver Bull, associate director at Evelyn Partners. To read the full article, visit: https://lnkd.in/gHubkUEA #BusinessAndAccountancyDaily #FinanceNews #BusinessNews

Contractors can enjoy a worry-free payroll experience with Pay Guardians. Our umbrella services are designed to provide you with timely payments, workplace pensions, and a host of other benefits. Say goodbye to the stress of handling taxes and hello to higher take-home pay and peace of mind. We make sure your tax affairs are managed properly, giving you the security and stability you need to focus on your work and career. Discover the benefits of a reliable umbrella service today by DM'ing me for a chat! #ContractorSupport #FinancialWellbeing #SecureFuture