Pay and benefits
The Government has published new guidance about how it will support organisations seeking to comply with upcoming off-payroll (IR35) changes.
A new pensions bill received royal assent yesterday (11 February 2021) that aims to strengthen protections for pension savers by extending the powers of the Pensions Regulator, introducing the power to issue civil penalties of up to £1m, and three new criminal offences. Some in the sector, however, have queried possible unintended consequences.
The age from which workers become eligible for the national living wage will reduce to 23, the government has confirmed as it announced April 2021 increases to statutory minimum wage rates.
Nearly 900,000 public sector workers including teachers, doctors, police and prison officers will see their pay increase by up to 3.1%.
There should be no further delay in addressing the long-standing 'unfairness' of contractors paying less tax than employees in situations where their work should be classified as an employment relationship, the government has said.
The changes to off-payroll working rules in the private sector, known as IR35, will go ahead in April 2021 after MPs voted against an amendment to delay them for at least two years.
A proposed delay to the extension of IR35 rules to the private sector has failed to gain support in parliament.
The Government should improve communications around how apprentices should be paid, after it emerged that as many as one in three in some age groups are underpaid - often because of confusion around which rate they should be on.
Savers looking to move from a defined benefit (DB) to a defined contribution (DC) pension during the Covid-19 crisis are to be warned against it in a letter from regulators.
The IR35 rules are 'riddled with problems, unfairnesses, and unintended consequences', according to a House of Lords committee looking into the impact of off-payroll working reforms.
News: HR and legal information and guidance relating to pay and benefits.
XpertHR is part of the LexisNexis® Risk Solutions Group portfolio of brands.
The materials and information included in the XpertHR service are provided for reference purposes only. They are not intended either as a substitute for professional advice or judgment or to provide legal or other advice with respect to particular circumstances. Use of the service is subject to our terms and conditions.
Copyright © 2021 LexisNexis Risk Solutions Group
© 2021 LexisNexis Risk Solutions Group.